Hteekhee border trade falls by $605 mln as of 5 June

LOCAL NEWS

Bilateral trade between Thailand and Myanmar through the Htikhee border between 1 October and 5 June in the 2019-2020 financial year sharply fell to US$1.39 billion from $1.99 billion registered in the year-ago period, according to the data from the Ministry of Commerce.
Over the eight months of current fiscal, exports through the Hteekhee border stood at $1.37 billion, while imports fell short of $18.4 million.
Exports of natural gas from Taninthayi Region has contributed to the enormous increase in trade through the Hteekhee border since the previous fiscal, said an official from the ministry. Earlier, the Myawady border sees the largest trade among the Myanmar-Thailand checkpoints. The rise in exports through the Hteekhee crossing boosted the value of the Myanmar-Thailand land border trade in the 2018-2019FY. In the current fiscal, trade values at Hteekhee crossing also surpassed those registered at Myawady crossing. Of the seven border trade points between Myanmar and Thailand, Myeik, Mawtaung and Hteekhee borders have witnessed a decrease in trade in the current financial year, while the remaining crossings have reported an increase.
Trade values stood at $105 million at Tachilek border, $841.9 million at Myawady, $313.54 million at Kawthoung, $122.15 million at Myeik, $1.39 billion at Hteekhee, $12.68 million at Myawady and $2.6 million at Maese respectively, as per the Commerce Ministry’s data.
Myanmar primarily exports natural gas, fishery products, coal, tin concentrate (SN 71.58 per cent), coconut (fresh and dry), beans, corns and bamboo shoots to Thailand. This year, corn exports to Thailand rose significantly compared with the previous years. It imports capital goods such as machinery, raw industrial goods such as cement and fertilizers, and consumer goods such as cosmetics and food products from the neighbouring country. — Ko Htet (Translated by Ei Myat Mon)

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