Myanmar’s exports fell by more than US$300 million at the start of the new fiscal year compared to the same period last year, according to the Ministry of Commerce. Exports earned $132.18 million during October 1-9, compared to $455.11 million in the same period last year. Industrial finished-product exports earned over $45 million, down from $196 million in the same period last year; mineral exports earned $17 million, down from $132 million; agricultural exports earned $43 million, down from $78 million; and marine products earned $20.16 million, down from $27.44 million. Myanmar’s marine-product exports fell because of low foreign demand and logistics problems at the border, said U Ye Min, executive of the Myanmar Marine Products Producers and Exporters Association. Since the COVID-19 lockdown began, marine-product exports have declined to about 10 containers a week, partly due to the steadily falling US dollar. There are few foreign orders, and it’s even worse than April. Exports by both land and sea aren’t in good shape, he said. Up to the Thingyan holiday last year, 60 percent of marine products were exported by land, but now they are declining due to logistics problems. The delays at the borders have resulted in rising supply in the country. Even fish farmers are having problems due to falling prices, he said. Baho Sanpya fish market in Yangon has closed owing to the COVID-19 outbreak.