{"id":3428,"date":"2024-03-20T15:00:42","date_gmt":"2024-03-20T07:00:42","guid":{"rendered":"https:\/\/www.textile-fabric.com\/archives\/3428"},"modified":"2024-03-20T15:00:42","modified_gmt":"2024-03-20T07:00:42","slug":"degree-myanmar-cmp-enterprises-raw-material-import-volume-reaches-1-0-billion-us-dollars","status":"publish","type":"post","link":"https:\/\/www.textile-fabric.com\/?p=3428","title":{"rendered":"\/degree Myanmar CMP enterprises\u2019 raw material import volume reaches 1.0 billion US dollars"},"content":{"rendered":"<p>Statistics from the Myanmar Ministry of Commerce show that as of February 22, in 2021\/11 (October to March), raw material imports by contract processing (CMP) companies reached US$919 million.  This is an increase of nearly $107 million from $728 million in the same period in 2021.  <\/p>\n<p>In Myanmar&#8217;s manufacturing industry, the garment and textile processing industry accounts for a large proportion and makes an important contribution to Myanmar&#8217;s GDP.  According to statistics from Myanmar Customs, in 2020\/21, the export value of the custom-processed (CMP) garment industry was US$3.6 billion.  Due to sluggish demand from the EU, Myanmar&#8217;s garment exports fell by more than 20% compared with 2021.  Myanmar CMP garments are mainly exported to Japan, South Korea, China, the United States, and European markets.  <\/p>\n<p>Data from the Ministry of Commerce show that the export volume of CMP garments in the 2015\/16 fiscal year was only US$850 million; in the 2016\/17 fiscal year, it was approximately US$2 billion; in the 2017\/18 fiscal year  US$2.5 billion, US$1.1 billion during the 2018 budget period (April-September).  It grew to US$4.6 billion in the 2018\/19 fiscal year; it grew to US$4.8 billion in the 2019\/20 fiscal year.  &lt;\/p<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Statistics from the Myanmar Ministry of Commerce show that as of February 22, in 2021\/11 (October to March), raw material imports by contract processing (CMP) companies reached US$&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[46],"class_list":["post-3428","post","type-post","status-publish","format-standard","hentry","category-textile-fabric-news","tag-db"],"_links":{"self":[{"href":"https:\/\/www.textile-fabric.com\/index.php?rest_route=\/wp\/v2\/posts\/3428","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.textile-fabric.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.textile-fabric.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.textile-fabric.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.textile-fabric.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3428"}],"version-history":[{"count":0,"href":"https:\/\/www.textile-fabric.com\/index.php?rest_route=\/wp\/v2\/posts\/3428\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.textile-fabric.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.textile-fabric.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.textile-fabric.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}