Myanmar's exports up 15.09% in over 8 months of FY 22-23

  • 27-Jan-2023
  • Myanmar's exports up 15.09% in over 8 months of FY 22-23

According to import export data, Myanmar's exports increased by 15.09% year over year to $11,755.81 million in the first eight months of the 2022–23 fiscal year, which began in April.

More than $7,999.69 million worth of manufacturing goods were exported from the nation from April 1 to December 16 of this year, making up 68.04 percent of all exports. 

Data from the Ministry of Commerce indicated on Wednesday that it was the largest exports group for the nation during that time. According to the official data, over the time period, the nation's imports increased by 26.19% to $12,325.87 million.

The entire value of the nation's imports and exports of goods climbed by 20.52 percent to $24,081.68 million, according to the export import data.

According to the Xinhua news agency, roughly 76.64 percent of the nation's overall trade during the time period was carried out via marine routes, while nearly 23.36 percent took place via land boundaries.

Due to its extensive coastline, the Southeast Asian nation typically conducts the majority of its international trade by water. With China, Thailand, Bangladesh, and India, it conducts border trade.

The nation exports items related to agriculture, zoology, fisheries, mining, wood products, manufacturing, and other industries, while importing consumer, capital, and intermediate goods.

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