Global New Light Of Myanmar

Total border trade up by $360 mln

Trucks seen at 105-mile trade zone Muse, northern Shan State.  Photo : Phoe Khwar
Trucks seen at 105-mile trade zone Muse, northern Shan State.  Photo : Phoe Khwar

The total trade value at 18 border trade camps has risen by US$360 million as of 3rd April of this fiscal year despite the export sector drop by $99 million, according to the Ministry of Commerce.
From 1 October to 3 April of 2019-2020FY, the total border trade value has amounted to $5.73 billion, an increase of $360 million compared with the same period last year.
The total border trade value as of 3 April this FY included $3.78 billion in export and $1.94 billion in import. Compared with the last FY, the export earnings dropped by $99 million while the import value increased by $459 million. This time last year, the border trade was valued at $5.37 billion.
Myanmar conducts border trade with China through Muse, Lwejel, Kampaiti, Chinshwehaw and Kengtung borders. The country carries out border trade with Thailand through Tachilek, Myawady, Kawthaung, Myeik, Hteekhee, Mawtaung and Maese borders. The cross-border trade camps between Myanmar and Bangladesh are Sittway and Maungtaw, whereas the country trades directly with India via the Tamu and Reed borders.
Among all the border crossings, the Muse border sees the largest volume and value of border trade with an estimated value of more than $2.62 billion this FY followed by Hteekhee with $1.06 billion and Myawady with $653 million. The border trade value at the Lwejel, Chinshwehaw, Hteekhee, Myeik, Tamu and Reed stations decreased this FY.
Myanmar’s major export items are farm, animal, marine, forest, mining, CMP and other products. Myanmar mainly imports capital goods, industrial raw materials, personal goods and CMP raw materials. —Zwe (Translated by Hay Mar)

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