The border trade value between Myanmar and China surpassed US$3.279 billion in the past financial year 2023-2024, increasing from $3.1 billion recorded in the year-ago period, the Ministry of Commerce’s statistics showed.
The figures reflected a remarkable increase of $178.25 million in the FY 2023-2024 compared with that of the FY 2022-2023.
Myanmar conducts cross-border trade with neighbouring China via Muse, Lweje, Chinshwehaw, Kampaiti, and Kengtung. Muse border post recorded the highest trade figure of $2.055 billion.
The trade values stood at over $703 million at Chinshwehaw, over $208 million at Kampaiti, $158.568 million at Lweje and $154.239 million at Kengtung.
Myanmar has been conducting border trade with the four neighbouring countries: China, Thailand, Bangladesh and India.
Export items are agricultural products, livestock products, fisheries products, minerals, forest products, manufacturing goods and other goods. In contrast, capital goods, intermediate goods, manufacturing goods and raw materials for CMP enterprises are imported. — NN/EM
Myanmar-China border trade surges to US$3.2B in FY2023-2024
- April 19, 2024
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