In the six-month April -September mini budget this year, earnings from export of cut-make-pack (CMP) garments in Myanmar was around $2.2 bn, which was around $1 bn more than the figure in the same period last year, according to the Commerce Ministry. The European Union (EU) had doubled its order for Myanmar’s CMP garments this year. The EU order was worth about $90 mn last year compared to $180 mn this year, said Khaing Khaing Nwe, Secretary of Myanmar Garment Entrepreneurs Association.
Unless there are changes in EU-Myanmar relations, good potential for garment market will continue, a report quoted her as saying. The country’s garment export was valued at $337 mn in 2010 and it rose to about $1 bn in 2014, Commerce Ministry data show. Its value was $1.46 bn in 2015.