Myanmar earns over 1.5 bln USD from mineral export in first 10 months of FY 2019-20

Source: Xinhua| 2020-08-13 19:08:33|Editor: huaxia

YANGON, Aug. 13 (Xinhua) -- Myanmar earned over 1.5 billion U.S. dollars from mineral export in the first 10 months of present fiscal year (FY) 2019-2020 which started in October, according to the figures of the Ministry of Commerce on Thursday.

As of July 31 of this FY, the mineral sector ranked the third place with most export value, following the manufacturing and agriculture sectors, among other export.

This FY's figure increased by over 265 million U.S. dollars, compared to the same period of last FY 2018-2019 when it fetched over 1.2 billion U.S. dollars.

Myanmar mainly exports agricultural products, animal products, marine products, minerals, forest products, manufacturing goods and others to foreign trade partner countries.

During the period, the country's export value totaled over 14.6 billion U.S. dollars while its import shared over 16.3 billion U.S. dollars, the ministry's figures said.

About 80 percent of the country's external trade is done through sea-borne trade and its border trade is being conducted through 17 border gates with neighbouring countries. Enditem

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