Myanmar earns over US$242.46mil from marine products exports in nearly five months

YANGON (Xinhua): Myanmar earned over US$242.46 million from export of marine products in nearly five months of the 2022-2023 fiscal year starting in April, the Commerce Ministry said on Tuesday (Aug 30).

From April 1 to Aug 19 this year, the South-East Asian country exported all of marine products from the private sector alone, the ministry's data showed.

The figure was less than over $244.59 million registered a year ago.

During the period, the country's total export was valued at over $6.5 billion, up over $1.3 billion year-on-year.

The country's total trade value amounted to over $13.04 billion during the period, up over $2.6 billion year-on-year.

About 80 per cent of the country's trade with foreign countries is done through sea route, while its border trade is conducted with China, Thailand, Bangladesh and India, official figures showed.

Myanmar mainly exports agricultural products, animal products, marine products, minerals, forest products, manufacturing goods and others to foreign countries, while it imports capital goods, intermediate goods and consumer goods.