Exports of agricultural products in the current financial year exceeded US$3.3 billion

10 August 2020
Exports of agricultural products in the current financial year exceeded US$3.3 billion
The sun sets as small ferry boats dock near a jetty of Yangon river, Yangon, Myanmar. Photo: Lynn Bo Bo/EPA

Myanmar exports of agricultural products between 1 October and 31 July in the current financial year 2019-2020 exceeded US$3.3 billion from $2.8 billion in the corresponding period of the 2018-2019FY, according to the trade figures released by the Ministry of Commerce, state media reported.

During the past ten months, the agro-export figures reflect an increase of $500.5 million against a-year ago period. In the exports sector, the agriculture industry performed the best along, accounting for 22 per cent of overall exports.

The chief items of export in the agricultural sector are rice and broken rice, pulses and beans and maize. Fruits and vegetables, sesame, dried tea leaves, sugar, and other agro products are also shipped to other countries. Myanmar agro-products are primarily exported to China, Singapore, Malaysia, the Philippines, Bangladesh, India, Indonesia, and Sri Lanka.