Myanmar earns over 1.25 bln USD from manufacturing exports in over first two months of FY 2020-21

Xinhua, December 22, 2020

Myanmar earned over 1.25 billion U.S. dollars from the export of finished industrial goods in over first two months of present fiscal year (FY) 2020-2021 which started in October, according to figures released by the Commerce Ministry on Monday.

As of Dec. 11, the finished industrial goods or manufacturing goods sector topped the list with the most export value, followed by agriculture and mineral sectors among other exports.

This year FY's figures decreased by over 819 million U.S. dollars, compared to the same period of FY 2019-2020 when it registered over 2.07 billion U.S. dollars.

During the period, the country's export totaled over 2.64 billion U.S. dollars while its import shared over 2.92 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 neighbouring countries.