Myanmar mineral exports worth $230 million this financial year

• Feb 13, 2023

The value of mineral exports from Myanmar from 1 April 2022 until 31 January 2023, the first ten months of the financial year, was $234.477 million USD, according to the junta’s Ministry of Economy and Commerce.

Of those exports, $23.43 million USD worth were sold by the government and 212.04 million were sold by the private sector.

This was a fall of about $360 million USD over the value of mineral exports 

For the same period the previous year’s sales were $564 million USD, meaning that this year’s sales were $330 million USD less for the same period.

Mineral exports from Myanmar include gems, jewelry gold, jade, pearl, diamond, tungsten, tin, silver, copper, zinc, coal and other minerals and metals.

The junta is targeting total exports of $15.5 billion USD and $14 billion in exports for the 2022 to 2023 financial year, according to the objectives of the official National Planning Law.

Due to the protests and unrest since the junta took power in the February 2021 coup the country is close to economic collapse and unlikely to hit such ambitious targets and the junta will be forced to sell more natural resources to neighbouring countries like Thailand and China to survive economically.

Source: https://www.mizzima.com/article/myanmar-mineral-exports-worth-230-million-financial-year