As per Myanmar’s commerce ministry, the county’s garment exports have dropped by half in two months due to a slump in demand in the European market. The ministry revealed, Myanmar’s export of cut-make-pack (CMP) garments were valued at $214 million in October and November in fiscal 2020-2021 compared to $450 million in the corresponding period of the last fiscal.

However, the Myanmar Garment Manufacturers Association expects garment business to recover after the COVID-19 vaccine succeeds in Europe. The country’s manufacturing sector is primarily concentrated in garment and textiles produced on the cutting, making, and packing basis, and it contributes to the country’s GDP to a certain extent.

Its CMP garment sector which contributes to 30 per cent of Myanmar’s export sector is bracing for downward trend owing to cancel of order from the European countries and suspension of the trade by western countries amid the pandemic.