Myanmar earns over 1.8 bln USD from mineral export in over 11 months of FY 2019-20

September 28, 2020

Myanmar earned over 1.8 billion U.S. dollars from mineral export in over 11 months of present fiscal year (FY) 2019-2020 which started in October, figures of the Ministry of Commerce showed Sunday.

As of Sept. 18, the mineral sector ranked the third place with most export value, following the manufacturing and agriculture sectors among other export.

This FY's figure showed an increase of over 398 million U.S. dollars, compared to the same period of last FY 2018-2019 when it registered over 1.4 billion U.S. dollars.

During the period, the country's export value totaled over 17 billion U.S. dollars while its import shared over 18.5 billion U.S. dollars, the ministry's figures said.

Myanmar mainly exports agricultural products, animal products, marine products, minerals, forest products, manufacturing goods and others to foreign trade partner countries.

About 80 percent of the country's external trade is done through sea-borne trade and its border trade is being conducted through 17 border gates with neighboring countries.