Myanmar’s “11†reported on August 22: Myanmar’s Ministry of Commerce reported that for the 2017-2018 fiscal year (April 1st to mid-August 2017), Myanmar’s clothing exports have reached USD 816 million, which is the same period of previous years. Compared with the US$500 million, it increased by US$316 million. According to Wu Minsuo, chairman of the Myanmar Garment Enterprises Association, clothing exports based on the CMP system were mainly exported to Japan in the past. This year, the EU has replaced Japan as Myanmar’s largest export market, and Japan has fallen to second place.
Reported that Myanmar's export trade, agricultural products accounted for 27%, natural gas accounted for 23%, clothing industry accounted for 16%, mineral products accounted for 8%, aquatic products accounted for 4%, forest products, livestock products and other products accounted for 22%. Wu Minsuo also said that according to the Myanmar Investment and Corporate Administration Bureau, the Myanmar Investment Commission has approved many investment applications for CMP production companies. It is estimated that the clothing exports for the fiscal year 2017-2018 can reach US$3 billion.
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