Export sector

Mineral exports decrease 24% in Q1

January 16, 2019 by Thiha

Mineral exports between Myanmar and overseas trade partners were valued at US$296 million in fiscal year 2018-2019, down by $95 million or 24.4 per cent, as against the same period in the last 2017-2018 FY, the Ministry of Commerce reported. For the same period during the last FY, mineral exports totalled $392.159 million, with $303 […]

Filed Under: Latest News Tagged With: Export Products, Export sector, Forest-based products, Mineral Exports, Ministry of Commerce

CMP garment’s export earnings up $ 382 m

July 5, 2018 by thiha

Garment sector earned US$ 759.172 million from exports of CMP garment, up US$ 382 million from the same period last year, according to the Commerce Ministry. Khin Maung Lwin, assistant permanent secretary of the Commerce Ministry said: “Last year, export earnings from the CMP garment sector reached US$ 377.031 million.” The Commerce Ministry has prioritized […]

Filed Under: Latest News Tagged With: Export sector, Garment Sector, Ministry of Commerce, Myanmar, textile sector

Traders expect better business on wider trade financing options

March 20, 2018 by Thiha

Now that the Central Bank of Myanmar (CBM) has allowed a total of seven foreign banks to provide trade financing services in Myanmar, traders are anticipating much better business in the months ahead. Last December, the CBM permitted 13 foreign banks to apply for approval to offer trade financing services in the country. Since then, […]

Filed Under: Latest News Tagged With: a local timber businessman, a rice exporter, Australia and New Zeland Banking Group, Bangkok Bank Public Company, Bank of Tokyo-Mitsubishi UFJ, Buyer, CBM, CBM Vice-Governor U Soe Thein, Central Bank of Myanmar, cheaper price, CIF, Cost, E. Sun Commercial Bank, Export sector, financing options, FOB, foreign bank branches, Foreign Banks, Free On Board, importer, Industrial and Commercial Bank of China, Insurance and Freight contracts, Interest Rates, international-standard trade, LC, Letter of Credit, Loans, Local Banks, low interest rates, Malayan Banking Berhad (Maybank), Mizuho Bank, Myanmar ports, Myanmar Times, Myanmar trade sector, Oversea Chinese Banking Corporation, Shinhan Bank, State Bank of India, Sumitomo Mitsui Banking Corporation, Telegraphic Transfer, The Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), trade financing services, Traders, TT, U Kyaw Kyaw Win, U Nay Lin Zin, United Overseas Bank

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

December 15, 2016 by Thiha

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 […]

Filed Under: Latest News Tagged With: Export sector, Livestock, minerals, raw consumer goods, the second five-year National Development Plan, to the statistics of the Commerce Ministry