According to the Ministry of Commerce, Myanmar’s agricultural exports amounted to US$2.035 billion in the past eight months of the current financial year 2023-2024, beginning 1 April.
The figures fell from $2.364 billion recorded in the year-ago period, showing a drop of $328.349 million.
Myanmar exports agricultural products, 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 implemented the National Export Strategy (NES) 2020-2025 to bolster exports. The priority sectors of the NES comprise 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/KK