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Exports of garment firms in Myanmar employing CMP system rise 83.7 pc

As of mid-December 2016, exports from garments firms in Myanmar, employing the cutting, making and packaging (CMP) system, rose to $1.157 billion up 83.7 per cent as against $629.709 million in the same period of the last fiscal. Exports to Japan, the largest apparel importer from Myanmar accounted for 33 per cent of all clothing exports.

Quoting statistics from the Myanmar ministry of commerce, it has been reported that Japan was followed by South Korea and Germany with 25 per cent share each in exports in addition to shipments to China and the American markets. A majority of the investments permitted by the Myanmar Investment Commission (MIC) in the current fiscal has streamed into the clothing production industry. There are over 400 apparel manufacturing units in Myanmar that employ over 300,000 people.