2023 Myanmar International Textile and Machinery Fair scheduled in December

The 2023 Myanmar International Textile and Machinery Fair sponsored by the Department of Commerce, Zhejiang Province, China, is scheduled to be held from 8 to 10 December at the Inya Lake Hotel in Mayangon Township, Yangon Region, according to Daw Khine Khine Nwe, General Secretary of Myanmar Garment Manufacturers Association.
The expatriate garment associations operating in Myanmar such as the Korea Garment Association in Myanmar (KOGAM), Japan Garment Manufacturers Association in Myanmar (JGMA), and Hong Kong Myanmar Manufacturers’ Association Limited-HKM MA will cosponsor the event while also running booths in the fair.
“Each and every country has different tastes in terms of clothing, fashion, and design. However, they all like good quality and innovative products. Since this exhibition will promote the products made in Myanmar, we will work together with international partners such as China, Korea, Japan, Hong Kong, etc. The high quality of locally manufactured products will also be seen significantly in the show, and we should be proud of that,” said Daw Khine Khine Nwe during a press conference for the event held at Time City, Kamayut Township on 10 November. At the exhibition, 25 brands from China, products of more than 100 manufacturers of textiles, garments, shoes and bags in addition to garments, shoes and bags produced locally will also be displayed.
ASEAN Federation of Textile Industries (AFTEX) representatives from ASEAN countries will also share the future prospects of the textile and garment sectors of ASEAN countries through panel discussions. Those who will come to the exhibition will have the opportunity to communicate directly with the representatives at the booths and will be able to promote joint ventures in related areas.

Source: The Global New Light of Myanmar

Myanmar’s foreign trade surges beyond US$18 bln in last seven months

Myanmar has been implementing the National Export Strategy (NES) 2020-2025 to bolster exports.

MYANMAR’s external trade amounted to over US$18 billion as of 3 November in the current financial year 2023-2024 beginning 1 April, according to the Ministry of Commerce.
Myanmar’s export was worth over $8.664 billion whereas the country’s import was valued at $9.7 billion between 1 April and 3 November.
Myanmar’s seaborne trade value crossed over $13.12 billion this FY, while border trade was valued at $5.32 billion.
The trade figure over the past seven months shrank from $20.5 billion recorded in the corresponding period last FY, indicating a sharp drop of over $2.078 billion.
Myanmar exports agricultural produce, animal products, minerals, forest products, and finished industrial goods, while it imports capital goods, intermediate goods, raw materials imported by the CMP enterprises and consumer goods.
Myanmar has been implementing the National Export Strategy (NES) 2020-2025 to bolster exports. The priority sectors of the NES comprise agricultural production, garment and apparel, industrial and electronic device, fishery business, forest product, digital manufacturing and service, logistic service, quality management, trade information service, innovation and entrepreneurship sectors. 

Source: The Global New Light of Myanmar