Myanmar exports CMP garments worth $384 mn in Apr 2023

11 May '23

1 min read

Pic: Adobe Stock

Insights

Myanmar exported cut-make-pack (CMP) garments worth $384 mn in April this year, according to the Myanmar Garment Manufacturers Association.
It earned $1.551 billion in fiscal 2022-2023 (ending March 31) from CMP garment exports.
Garments worth $200 million were exported to Thailand and China, while exports to Europe by sea were worth $184 million.

Exports of garments in Myanmar manufactured under the cut-make-pack (CMP) system hit $384 million in April this year, according to the Myanmar Garment Manufacturers Association.

The country’s income from CMP garment exports in fiscal 2022-2023 (ending March 31) was $1.551 billion.

Most CMP garments from Myanmar are exported to Thailand, China, Singapore and Europe.

Garments worth $200 million were exported to Thailand and China through the border, while garments worth $184 million were exported to Europe by sea, a newspaper in Myanmar reported.

Out of China, Thailand, South Korea, Japan and Taiwan, all of which have invested in the country’s CMP garment sector, China is ranked first.

The country is home to 505 garment factories, 48 footwear factories, eight wig manufacturers and other 177 factories engaged in the manufacturing bags, sports suits, sports shoes and socks.

Fibre2Fashion News Desk (DS)

More Apparel/Garments News - Myanmar...