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Myanmar earns over $2.28 billion from export in FY 2019-20

Published: November 27, 2019 13:11:48 | Updated: November 29, 2019 11:58:11


File photo (Collected)

Myanmar earned over $2.28 billion from export to foreign countries as of Nov. 15 in fiscal year (FY) 2019-2020 which started in October, according to figures from the Commerce Ministry on Wednesday.

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

From Oct. 1 to Nov. 15, manufacturing goods were mainly exported, earning 1.12 billion US dollars' capital, following by minerals with $526.8 million, reports Xinhua.

This FY's total export increased by over $568.9 million, compared to the same period of last FY 2018-2019 when it was $1.7 billion.

Meanwhile, the country's total foreign trade reached over $4.59 billion as of Nov. 15 this FY, with $2.3 billion' import value.

Capital goods, intermediate goods and consumer goods are imported to the country.

During the period, the country's trade with foreign countries through sea route amounted over $3.3 billion while its border trade shared $1.29 billion.

About 80 per cent of the country's foreign trade is done through sea-borne trade and its border trade is being conducted through 17 border trade points with four neighbouring countries – Bangladesh, China, Thailand and India.

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