Myanmar earns $538 mn from CMP garment exports in Apr-May

Myanmar has earned $538 million from cut-make-package (CMP) garment exports in April and May this year, according to the country’s commerce ministry. Such exports worth $277 million also topped the export list in the same period last year. CMP garment exports were worth $1 billion in fiscal 2012-13 and have reached $3 billion in 2017-18, the ministry said.

The country exported products worth $2.4 billion during April and May this year, according to a report in a Myanmarese newspaper.

The CMP garment sector is running with ten factories in 2017 under fully online licence system and is now expanded to over 300 factories.

Source: Fibre 2 Fashion

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