THE export value from the manufacturing sector hit US$5.55 billion in the past seven months of the
current financial year 2022-2023 beginning 1 April, the Ministry of Commerce’s statistics showed.
The figures in the past seven months indicated a sharp drop of $1.45 billion compared to that $7 billion
recorded in the corresponding period of the 2022-2023 FY.
Garment export is ranked first among the top ten export items including natural gas and minerals.
Myanmar conveys agricultural produce, animal products, minerals, forest products, and finished industrial
goods to foreign trade partners, while it brings in 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 to bolster 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.
Source: The Global New Light of Myanmar