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Burmese junta's earns over USD 2.2 billion in 8 months from natural gas

December 17/ 2023 | View Counts :4624
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The natural gas holds the secondposition among top ten foreign exports by the military council, stated theofficial data from the commerce ministry. Exporting gas, the militaryrulers of Burma earn over US$ 2.2 billion as revenue in eight months of thecurrent fiscal year, according to the news written in Burmese by BETV Business.

 

Between 1 April and 1 December2023, the military regime has exported over 228 million mmBtu of natural gasgenerating revenue of US$ 2,220.521 million.

 

The ready-made garments claim the top spot in ten major exports, which generated US$ 2.9 billionas revenue.

 

Among various exported items,mungo beans generated  US$ 474 million, followed by rice/broken rice with US$ 378 million, corn with US$ 271 million, fish with  US$ 220million, green gram with US$ 185 million, raw rubber with  US$ 123million, pigeon peas with US$101 million and metals & ores with  US$79 million.



 

Thailand emerges as the largestexporter with g US$ 2.47 billion, while China secures second spot in exports with  US$ 1.93 billion. Japan has secured the third positionwith US$ 784 million, followed by India with US$ 572 million, and the UnitedStates with US$ 412 million.

 

Myanmar also exports various itemsto five other countries namely  Germany (US$ 356 million), Spain (US$ 321million), Poland ( US$ 316 million), South Korea (US$ 261 million) and Britain(US$ 222 million).

 

This year's foreign exportsinclude a variety of products like agricultural commodities (mungo bean, rice,broken rice, corn, green gram, rubber, pigeon pea, sesame, peanut, onion,turmeric, tamarind, dried ginger, konjac, castor bean, coffee bean, cashews,cotton, cassava, melons, cucumbers, mangoes, tissue bananas, etc) and aquaticproducts (fish, shrimp, crab, eel, dried fish, etc).

 

The industrial sector contributesin exports with wood veneer and plywood, finished wood products, ready-madegarments, sugar, and various other finished industrial goods.

 

Rakhine State is a hub for naturalgas production in the country and it has consistently sent natural gas to Chinathrough a dedicated pipeline.

 

Based on information from thegeneral administration of customs China (GACC), the Myanmar junta generated US$ 993.94 million in the first eight months of  2023 withthe export of natural gas from Rakhine to China.

 

The military council generated US$1.43 billion in the last fiscal year (2022-23) through the sale of natural gasfrom the Rakhine Shwe offshore block (to China).

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