From October to the end of September of the 2020-2021 fiscal year, Myanmar exported more than $ 3,609 million from the CMP garment sector, followed by natural gas with more than $ 3,119 million, according to the Ministry of Commerce. From October to the end of September of the 2020-2021 fiscal year, Myanmar exported $ 3,609.63 million worth of garments from the CMP sub-sector. Exports of natural gas reached $ 3,119.87 million and rice and broken rice $ 700.13 million, according to the Ministry of Commerce. In the fiscal year 2020-2021, Myanmar was the largest exporter of 10 countries with $ 4,905.80 million, followed by Thailand with $ 3,172.26 million, according to the Ministry of Commerce. $ 944.21 million to Japan; $ 836.37 million to India; $ 620.59 million to the United States; $ 426.25 million to Germany; $ 411.71 million to Spain; $ 385.40 million to the UK; $ 366.18 million to the Netherlands; $ 305.76 million was exported to South Korea.
From October 1 to the end of September of the 2019-2020 fiscal year, Myanmar-China trade amounted to more than $ 12.126 billion, and China imported more than $ 6.724 billion worth of imports. From October to September of the 2019-2020 fiscal year, Myanmar-China trade amounted to 12126.278 million US dollars, with exports from Myanmar 5401.943 million and imports from China 6727.335 million US dollars. In the fiscal year 2019-2020, the trade volume between Myanmar and India was over 1,300 million dollars, a decrease of over 130 million dollars from the same period last year. From October 1 to the end of September of the 2019-2020 fiscal year, Myanmar exported $ 616.464 million worth of goods to India, while India imported $ 696.937 million worth of goods, with a total trade volume of $ 1,313.401 million.
In the first six months of the 2019-2020 fiscal year, Myanmar’s major trading partners were China with more than 33 percent, Thailand with 13.6 percent; Singapore 9.7%; Japan and 5.3 percent; India and 4%; Pyidaungsu Hluttaw, 34.3% trade with other countries Public Accounts Joint Committee; According to the findings and opinion report No. (8/2020) regarding the first six months report of the National Plan for the fiscal year 2019-2020. Due to COVID-19, trade between Myanmar and Thailand in the 2019-2020 fiscal year was just over US $ 5,100 million, a decrease of over US $ 350 million from the previous year. The main priority areas of the National Export Strategy 2020-2025 are agro-based food production, textile and clothing sector, industry and electronics, fisheries sector, forest products sector, digital products and services, logistics services, quality management sector, trade Information services and innovation and entrepreneurship.
Source: Daily Eleven