The export and import turnover from April 2024 to March 12, 2025 in the 2024-2025 fiscal year was US$25.793 billion according to the National Export Strategy Government-Private Export Promotion Committee.
The trade target for the current fiscal year is US$33 billion. Until March 12, the trade turnover had reached nearly US$26 billion or 78 percent.
In implementing sectoral business plans, the businesses that make short-term results are being selected and operated, and it is necessary to supervise and coordinate the budget allocations for each fiscal year, Union Minister for Ministry-3 of the Office of the Chairman of the State Administration Council U Maung Maung Tint, who is also the committee, said at the meeting of the National Export Strategy Government-Private Export Promotion Committee held on March 18. He also said that after the National Export Strategy (2020-2025) period is over, the National Export Strategy (2026-2030) will be drafted.
As the current fiscal year is coming to an end, relevant government departments, private associations and exporters will need to work together to double exports as necessary to meet the set target, Union Minister for Commerce U Tun Ohn, vice chairman of the committee, said at the meeting.
The country mainly exports pulses, sesame, peanuts, green rubber, onions and other food crops and agricultural, industrial and fishery products as well as ready-made garments, sugar and other industrial finished products. Its imports include investment goods, industrial raw materials, equipment and raw materials for CMP and consumer goods.
