News

Myanmar agricultural products' sea exports generate nearly 2 billion USD in foreign exchange

Published Mar 8, 2024

Tridge summary

Myanmar's agricultural exports, including rice, pulses, and corn kernels, generated nearly $2 billion in revenue in the 2023-2024 fiscal year, according to data from the Ministry of Commerce. The country's main export markets are India, Thailand, and the Philippines. To improve efficiency and reduce costs, Myanmar uses small cargo ships owned by domestic entrepreneurs for direct transportation to Ranong Port and Kandang Port in Thailand.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Data recently released by the Ministry of Commerce shows that in the 2023-2024 fiscal year, in the 10 months from April to January, Myanmar’s agricultural products exported by sea earned nearly US$2 billion in revenue. ​ In terms of rice exports, Myanmar exported 384,405 tons of rice in February 2024. In the 11 months from April to February of the entire 2023-2024 fiscal year, Myanmar exported a total of 1,465,793 tons of rice. ​ In addition, pulse exports also show a steady growth trend. In February 2024, Myanmar’s pulse export volume was 156,950 tons. In the 11 months from April to February in the 2023-2024 fiscal year, pulses were exported in total. 1,292,766 tons. In addition to India, the main export market, Myanmar’s beans have also begun to be exported to other Asian countries, showing a diversified market strategy. ​ In terms of corn kernel exports, Myanmar exported 365,472 tons of corn kernels in February 2024. In the 11 months from April to February in the entire ...
Source: Foodmate
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