Massive Jump in Myanmar Garment Exports This Year

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In this financial year, the Myanmar apparel industry operating under the cut make pack (CMP) system, has exported more than $1 billion dollars worth of clothing till November 11. As against this, the country shipped garments totalling $408.4 million in the same period in the previous year, a massive jump of $690 million or 145 per cent year over year.

Myanmar media quoted a senior official of the ministry of commerce, Khin Maung Lwin as providing the information about the sector, which has more than 400 factories, employing around 400,000 workers.

According to the Myanmar Garment Manufacturers Association (MGMA), most of the country’s apparel units operate under the CMP system, who together export 33 per cent of their production to Japan, 25 per cent each, to Europe and South Korea and only 2.4 per cent each, to China and the United States. (AR)

 

Source: Fibre 2 Fashion
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