Core Insights - Myanmar's garment exports increased by 9% in the first six months of the 2025-2026 fiscal year compared to the same period last year, driven by regional economic integration and supportive policies [1] - The textile and garment industry accounts for approximately 7% of Myanmar's GDP and over 60% of its industrial product exports, with a focus on "processing" and expanding into markets like China, South Korea, and ASEAN [1][2] - The Myanmar garment manufacturing sector is expected to reach a production value of $5 billion by 2025, with employment projected to grow to between 1.2 million and 1.6 million over the next decade, and the industry scale anticipated to increase to $15 billion [1][2] Industry Support and Development - The Myanmar government prioritizes the textile and garment industry, providing legal protections, tax incentives, and other policy support [2] - A new "ten-year strategic plan" has been launched by the Myanmar Garment Manufacturers Association to enhance infrastructure, market networks, and financing channels [2] - The introduction of an online trading system facilitates raw material imports and finished product exports, while trade exhibitions are being utilized to explore market opportunities [2] Collaboration and Market Opportunities - The signing of the upgraded China-ASEAN Free Trade Area 3.0 agreement presents new opportunities for the Myanmar textile and garment industry [3] - Myanmar can leverage China's advantages in raw materials and equipment technology to enhance local processing and supporting capabilities [3] - Enhanced cooperation between China and Myanmar in areas such as raw materials, capacity layout, cross-border settlement, and market expansion is expected to promote stable employment, export growth, and quality improvement in Myanmar's textile and garment sector [3]
缅甸推动纺织服装业升级 2025年行业产值预计达50亿美元
Ren Min Ri Bao·2025-12-02 23:05