Export sector in this FY earns US$ 203.954million higher than that of last FY

Export value as of 2nd December in this fiscal year 2016- 2017 was US$203.954million higher than that in the similar period of last fiscal year, despite the decrease in income from manufacturing goods, minerals and livestock, according to the statistics of the Commerce Ministry.

The value of exports as of 2nd December was US$7,364.164million, which is up from US$7,160.21million last year.
Out of seven export groups, he export value of manufacturing goods slumped by US$680.704million when compared to last fiscal year, whereas income from minerals decreased by US$185.681million and livestock by US$0.325million. Meanwhile, other export sectors managed to earn higher than last fiscal year, with an export value of US$1,776.511million from agricultural goods, US$339.234million from fishery products, US$1,54.927million from forest products and US$ 1,155.083million from other products.

In the similar period, the import value slumped by US$ 892.159million compared to that in last fiscal year. Myanmar imports the capital goods, raw industrial materials and consumer goods. The government is trying to reduce the trade deficit by scrutinizing the import items, except essential items, according to the second five-year National Development Plan.

Source: Global New Light of Myanmar

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