Myanmar sees 21% increase in export earnings

The Ministry of Commerce reported a 21 percent jump in the country’s export earnings between April and September 2013.

Myanmar earned US$ 5.68 billion from exports, which is up from US$4.69 billion in the same period last year.

Strong agricultural and industrial exports are among the key factors behind the surge in Myanmar’s earnings.

The country earned more than US$2 billion from exporting industrial products, US$1 billion from agricultural goods, US$1 billion from mineral exports, US$360 million from timber and wood products, US$270 million from marine products, and US$5 million from animal products in the first half of this fiscal year.

Currently, Myanmar is drafting a national strategy for boosting exports and building its competitive advantage.

Prioritised export goods such as rice, beans, marine and wood products have been set as part of the new government strategy. Tourism too was mentioned as being prioritised service, and rubber growing is seen as having good prospects.

Financial services, trade promotion and data collection, quality management and transportation improvements are regarded as the key supportive factors to implement the strategy.

Source: ELEVEN Myanmar

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