Myanmar’s Foreign Trade Nears $26B Ahead of Fiscal Target

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Myo Kyaw Soe/Xinhua

 

Myanmar’s foreign trade has reached 25.79 billion U.S. dollars in the first 11 months of the 2024-25 fiscal year, accounting for 78% of its annual target of 33 billion dollars, according to state media reports.

Pushing Towards Export Growth

With less than a month left in the fiscal year, government agencies, private sector associations, and exporters are collaborating to meet the trade goal and double exports. A key step in this effort was a recent meeting of the National Export Strategy Government-Private Export Promotion Committee in Nay Pyi Taw, where officials reviewed the current National Export Strategy (2020-25) and began drafting the next phase (2026-30).

Key Trade Sectors

Myanmar’s primary exports include agricultural, animal, and marine products, as well as minerals, forest products, and manufactured goods. Its major trade partners include China, Thailand, Bangladesh, and India.

With continued efforts to expand exports, Myanmar remains focused on achieving its trade objectives and strengthening its economic position in the region.

 

 

-2025-03-22