Home MMBIZ News Most Exports Dip in First Four Months of 2014-15FY

Most Exports Dip in First Four Months of 2014-15FY

Most exports of Myanmar declined in the first four months (April-July) of the current fiscal year 2014-15, according to the latest figures of the Ministry of Commerce.

Myanmar’s agricultural and fishery exports dropped 7 percent and 30.7 percent respectively to $835 million and $126 million during the period, data shows.

The forestry sector was the worst hit as its exports in the four months of 2014-15 earned only $17 million, down 91.4 percent.

Mineral and finished products’ exports went up by 16.2 percent and 6.25 percent respectively to $208 million and $1.7 billion during the period.

The figures also showed that both total exports and imports increased in the period, racking up $200 million and $1.6 billion respectively.

Exports from border trade rose by 7.8 percent to $862 million during the period with imports from the border trade standing at $88 million.

- Advertisment -

Must Read

Telenor Group sells Telenor Myanmar to M1 Group 

Telenor Group has anncouned today that it has enterned into an agreement to sell 100 percent of its mobile operations in Myanmar to M1 Group for a total...