Myanmar’s CMP garment exports fall by 50% in 2 months


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Myanmar’s garment export has dropped by half in two months as a result of a hunch in demand within the European market, in keeping with the nation’s commerce ministry, which just lately mentioned export of cut-make-pack (CMP) clothes have been valued at $214 million in October and November in fiscal 2020-2021 in comparison with $450 million within the corresponding interval of the final fiscal.

The garment enterprise is anticipated to get well after the COVID-19 vaccine succeeds in Europe, Myanmar Garment Producers Affiliation was quoted as saying by a Myanmarese newspaper report.

Myanmar’s manufacturing sector is primarily concentrated in garment and textiles produced on the Chopping, Making, and Packing foundation, and it contributes to the nation’s GDP to a sure extent.

Provide chain disruptions and cancelling buyer orders following the coronavirus outbreak damage the worldwide textile trade. Equally, the CMP garment sector which contributes to 30 per cent of Myanmar’s export sector is bracing for downward development owing to cancel of order from the European international locations and suspension of the commerce by western international locations amid the pandemic.

Japan is the most important marketplace for Myanmar attire, adopted by the European Union.

Fibre2Fashion Information Desk (DS)


Myanmar’s garment export has dropped by half in two months as a result of a hunch in demand within the European market, in keeping with the nation’s commerce ministry, which just lately mentioned export of cut-make-pack (CMP) clothes have been valued at $214 million in October and November in fiscal 2020-2021 in comparison with $450 million within the corresponding interval of the final fiscal.





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