Till August 9 of this fiscal year, the total export earnings increased by over 770 million US dollars as the CMP export volume increased over 17 per cent, according to the figures from the Ministry of Commerce.
During around 10.5 months, the export earnings hit over 14.424 billion US dollars, up 772.375 million US dollars.
In the same period, Last year, the total export earnings amounted to over 13.1651 billion US dollars.
In the same period, the CMP export earnings reached over 8.376 billion US dollars, up over 1.488 billion US dollars or 17.78 per cent. Last year, the CMP export earnings hit over 6.878 billion US dollars.
In Myanmar, the garment industry mainly run on the CMP system.
Myanmar mainly exports agro, animal, marine, forest, mining, CMP and other products.
In 2018-2019 FY, the total trade value is expected to hit 31.1 billion US dollars—15.3 billion USD in export and 15.8 billion in imports.