Monday, February 27, 2017

Export of agricultural products up by $266 million

February 26, 2017
THE value of agriculture export during this financial year increased by US$266 million compared with the same period last FY, according to the Commerce Ministry.

Last fiscal year, the export value from April through mid-February reached $2.170 billion, but this year’s export value increased to $2.437 billion, the vast majority of total agriculture exports being from the private sector.
The total export value over the past 10 and half months hit $9.862 billion; an increase of more than $310 million matched against last year.
Myanmar predominately exports animal products, minerals, aquaculture, forest and agriculture products, while she imports capital goods, construction materials, personal goods, agricultural machineries and raw materials and electronic devices.
According to the official figures, animal products, which are worth $8.398 million, marine products worth over $480 million, mineral products worth over $820 million, industrial goods worth $4.569 billion, forest products worth $207 million and others worth $1.331 billion were sold to partner foreign buyers between April and mid-February of this FY.
The value of export of agriculture, fishery, forest and animals products increased while mineral and finished industrial products decreased this FY.
The government put forth sustained efforts to raise export in each of the sector.

Ref; The Global New Light of Myanmar

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