Border trade down over $693 mln

The total border trade value exceeded US$7.65 billion, down over 693 million compared with the same period last year, according to the Ministry of Commerce. During the period, the country’s export via land borders amounted to $4.98 billion while its import shared $2.66 billion.

This financial year’s border trade decreased by over $693 million compared to the same period of the last budget year 2020-2021, when it amounted to 8.34 billion, the ministry’s figures said. The trade volume at Muse border trade on the China-Myanmar border exceeded $2.92 billion, down over $638 million compared with the same period last year.

Myanmar has opened 18 border trade camps and conducts border trade with neighbouring China through Muse, Lweje, Kampaiti, Chinshwehaw and Kengtung with Thailand via Tachilek, Myawady, Kawthoung, Myeik, Hteekhee, Mawtaung and Maese checkpoints, with Bangladesh via Sittway and Maungtaw and with India through Tamu and Reed land borders, respectively. 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.

Source: The Global New Light of Myanmar