External trade deeply affected by pandemic

External trade deeply affected by pandemic

The latest data released by the Ministry of Commerce shows that Myanmar’s external trade for the new fiscal year, between October 1st and November 13th, plunged by USD 1.4 billion from the corresponding period a year ago, reaching only USD 3.08 bil

China fast-tracks border trade for crops

China has established an official “green lane” through the border crossing at Muse to fast track shipments of fruit, onions and fish. Up to 100 trucks per day may use the green lane, which is meant to increase trade volume amid the pandem

Pandemic hits crop prices

Agriculture prices are fluctuating as the pandemic stalls supply chains, throttles border trade, and affects both supply and demand of certain commodities. This week, the Myanmar Times reported surging prices of watermelons as border restrictions lim
Fishery exports surge by over 17% this FY

Fishery exports surge by over 17% this FY

Myanmar’s fiscal year ended on September 30th and some sectors have performed better than others. When it comes to trade, fishery exports is one of them. The Ministry of Commerce said that export earnings from the fisheries sector during the pe
Myanmar negotiates with Saudi Arabia to resume fish exports

Myanmar negotiates with Saudi Arabia to resume fish exports

The Global New Light of Myanmar reported that the Ministry of Commerce is currently negotiating with the Saudi Arabian ambassador to Myanmar about exports of fishery products to the Arab kingdom. In April 2018, following the detection of two prawn di

Garment demand down 75%

The COVID-19 pandemic has hit Myanmar manufacturing for months, especially for garments. But a new report shows that lower demand from abroad is also damaging the garment industry. Orders from Europe, normally highest in August, have sunk to barely a