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YANGON, Aug. 14 (Xinhua) -- Myanmar's marine products export earnings amounted to 150.78 million U.S dollars in the first four months (April to July) of the fiscal year 2011-12, decreasing by 16 percent from 180.18 million dollars in the same period of 2010- 11, the local Biweekly Eleven News reported Sunday.
Earnings from crab exports ranked first, followed by labeo rohita, hilsa ilisha and prawn.
Myanmar's border trading activities are mostly done through border points of Tachilek, Kawthoung, Myawaddy, Myeik, Muse, Lwejie, Chin Shwe Haw, Kanbaitee, Sittway and Maunghtaw.
According to the report, Myanmar's marine products exports amounted to 555.5 million U.S dollars in 2010-11, up 12 percent from 496.39 million dollars in 2009-10. However, it was short of the target of 700 million dollars.
Of the export during the year, that to European countries amounted to 11 million U.S. dollars.
Since private entrepreneurs were granted to engage in onshore and offshore fishing, there have now been 81,000 hectares of fish ponds, up from 2,550 hectares in 1988.
With a long coastline of over 2,800 km and a total area of 500,000 hectares of swamps along the coast, the country has an estimated sustainable yield of marine products at over 1 million tons a year.
August 14, 2011
Source: Xinhua News
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