The export value from the manufacturing sector totalled US$3.85 billion as of 25 August in the financial year 2023-2024 beginning 1 April, Director U Nanda of the Trade Department under the Ministry of Commerce said.
Exports by the private sector were estimated at $2.51 billion while exports worth $1.34 billion were performed by the government sector.
“Myanmar’s manufacturing sector is largely concentrated in garment and textiles manufactured on the cutting, making, and packaging (CMP) basis this FY,” U Nanda said.
The CMP garment export is the main export item in Myanmar, followed by natural gas. Meanwhile, petroleum products are top import goods, followed by textile and garment raw materials.
Myanmar also exports agricultural produce, livestock, fisheries, minerals and forest products to external markets. Of export item groups, the manufacturing sector generates the highest export earnings.
Source: The Global New Light of Myanmar