Myanmar’s agricultural exports totalled US$3.2 billion in the past 11 months of the current financial year 2023-2024, the Ministry of Commerce’s statistics indicated.
The figures plunged from $3.53 billion recorded in the corresponding period last FY, showing a drop of $247 million.
Myanmar carries out international trade through land borders and maritime routes land. It exports agricultural produce, animal products, minerals, forest products, and finished industrial goods, while it imports capital goods, intermediate goods, raw materials imported by the CMP enterprises and consumer goods.
Myanmar has been implementing the National Export Strategy (NES) 2020-2025 in order to boost exports. The priority sectors of the NES consist of agricultural production, garment and apparel, industrial and electronic device, fishery business, forest product, digital manufacturing and service, logistic service, quality management, trade information service, innovation and entrepreneurship sectors. — NN/EM
