Myanmar’s garment exports may touch US $ 1.855 mark this FY | Trade News Myanmar
Home » News » Trade News » Myanmars Garment Exports May Touch Us 1 855 Mark This Fy

Myanmar’s garment exports may touch US $ 1.855 mark this FY


READ MORE ON MGMAMyanmar Apparel IndustryTrade News Myanmar

Myanmar Garment Factory

Image Courtesy:

Myanmar expects that garment exports from the country shall witness an increase of 85 per cent compared to last year. By the end of this fiscal in March, garment exports may reach US $ 1.855 billion compared to US $ 1 billion last FY (registering a whopping 145 per cent increase compared to financial year 2014-15), according to the Myanmar’s Ministry of Commerce.

The apparel industry of Myanmar, known for its cut-make-pack (CMP) systems or contracts, seems well on its way of achieving its target of US $ 4 billion by the year 2020.

Also ReadVietnam exports US $ 15 billion T&C products to US, Japan

Around 33 per cent of the country’s CMP products are exported to Japan; 25 per cent each to the EU and South Korea, and 2.4 per cent each to the US and China, this was disclosed by the Myanmar Garment Manufacturers Association (MGMA).

The country’s apparel industry consists of 400 garment factories employing around 400,000 workers


Have some news? Let us know on

Comments are closed.

Recommended by Apparel Resources

India likely to note 15-18% growth in garment exports in ‘18

India is likely to note a 15-18 per cent growth in garment export to touch USD 20 billion during the current fiscal. The increase from USD 17 billion in FY17...

Stats: North America Ahead of EU in Men’s Shirt consumption

According to Statista, an online statistics, market research and business intelligence portal, shirts consumption by Men in North America is far ahead of EU. Following is the year-wise forecast of...

Kenya AGOA status not in danger

The assessment of Kenya’s eligibility to receive benefits under the African Growth and Opportunity Act (AGOA) is not warranted at this time. However,...

Garco 10 joins hands with Japan fashion brands

Garment 10 Joint Stock Company (Garco 10) will be co-launching with fast fashion brands, Uniqlo and Aeon, in its endeavour to foray into...

Children’s fashion revenues witnessed 2.8% increase last year

The children's fashion market in Italy touched 2.76 billion euros in revenues in 2016, which is an increase of 2.8 per cent. “The...

BGMEA open to Accord’s monitoring role post 2018

Underlining that there would not be any need to extend the tenure of the EU retailers’ group –Accord on Fire and Building Safety...

Hosiery market to reach US $ 43.42 billion by 2025

In 2016, the global hosiery market was valued at US $ 29.73 billion and is projected to reach US $ 43.42 billion by...

Haitian textile workers hit streets for higher wages

Several Haitian textile workers staged protest on 26 June demanding a higher minimum wage much to the dismay of managers of textile factories...

Effingo Textile’s sales down 60.47% in Q1

Based in Delhi (India), manufacturer of high quality organic cotton-based products, Effingo Textile & Trading Ltd. has reported a decline in its sales...

Airports’ inefficiency causing a billion to Bangladesh

Coming down heavily on the alleged delay in releasing garment samples by Bangladesh’s airports, President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA),...