Measures Taken to Increase Exports in 2022-2023 FY

During the tenure of the State Administration Council, efforts are made to increase the amount of exports through border trade posts and regular trade routes-

• In the three-month period from 1 April to 30 June during 2022-2023 FY, USD 12.415 million was generated from exporting 3,448.524 metric tons of shrimp.
• In the same period of 2021-2022 FY, USD 9.908 million was generated from exporting 2,109.734 metric tons of shrimp. Therefore, USD 2.507 million was generated more from exporting 1,338.79 metric tons of shrimp in comparison with the previous FY.
• Starting from 1 April to 17 June of 2022-2023 FY, USD 961.473 million was generated from exporting agricultural products.
• Exports of agricultural products reached USD 936.366 million in the same period 2021-2022 FY and therefore, export value surplus is USD 25.107 million for this fiscal year.

Since there are certain changes in product quality standards and new forms of imports and exports are also introduced in the trading system, it is reported that the Ministry of Commerce and relevant departments are working together to find the best ways for increasing foreign exports.

Source: Myawaddy Daily Newspaper (7-7-2022)

• In the three-month period starting from 1 April to 30 June during 2022-2023 FY, USD 12.415 million was generated from exporting 3,448.524 metric tons of shrimp.
• Starting from 1 April to 17 June of 2022-2023FY, USD 961.473 million was generating from exporting agricultural products.
• Since there are certain changes in product quality standards and new forms of imports and exports are also introduced in the changing nature of trading system, it is reported that the Ministry of Commerce and relevant departments are working together to find the best ways for increasing foreign exports.