Jul 6, 2012

Myanmar marine export up in three months

Myanmar's marine export amounted to 125 million U.S. dollars in the first three months (April-June) of the fiscal year of 2012-13, up 12.597 million U.S. dollars or 11 percent from 112.404 million U.S. dollars in the same period of the previous fiscal year, official media reported Tuesday.

Of the total during the period, marine export through air route amounted to 74.876 million U.S. dollars while that through Myeik border point stood 25.154 million U.S. dollars, Muse 14.967 million U.S. dollars, Kawthaung 5.710 million U.S. dollars, Myawaddy 2.431 million U.S. dollars, Maungtaw 1.206 million U.S. dollars.

Of the total export earning, 8.865 million U.S. dollars were fetched from crab, 4.85 million U.S. dollars eel and 23.055 million U.S. dollars from fresh water fish.

In May, the export declined as some fish cold storage factories in Yangon stopped operation due to power cut during the month, expecting that the export could be raised in the rainy season starting June.

There are more than 70 fish cold storage factories in Yangon, of which only 23 are in operation.

According to official statistics, Myanmar's marine export fetched over 522 million U.S. dollars in 2011-12.

Source: Xinhua