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In the 2020-2021 fiscal year, the CMP hire-export sector accounted for more than $ 3,609 million in exports, followed by natural gas at over $ 3,119 million

From October to the end of September of the 2020-2021 fiscal year, Myanmar exported more than $ 3,609 million from the CMP garment sector, followed by natural gas with more than $ 3,119 million, according to the Ministry of Commerce. From October to the end of September of the 2020-2021 fiscal year, Myanmar exported $ 3,609.63 million worth of garments from the CMP sub-sector. Exports of natural gas reached $ 3,119.87 million and rice and broken rice $ 700.13 million, according to the Ministry of Commerce. In the fiscal year 2020-2021, Myanmar was the largest exporter of 10 countries with $ 4,905.80 million, followed by Thailand with $ 3,172.26 million, according to the Ministry of Commerce. $ 944.21 million to Japan; $ 836.37 million to India; $ 620.59 million to the United States; $ 426.25 million to Germany; $ 411.71 million to Spain; $ 385.40 million to the UK; $ 366.18 million to the Netherlands; $ 305.76 million was exported to South Korea.

From October 1 to the end of September of the 2019-2020 fiscal year, Myanmar-China trade amounted to more than $ 12.126 billion, and China imported more than $ 6.724 billion worth of imports. From October to September of the 2019-2020 fiscal year, Myanmar-China trade amounted to 12126.278 million US dollars, with exports from Myanmar 5401.943 million and imports from China 6727.335 million US dollars. In the fiscal year 2019-2020, the trade volume between Myanmar and India was over 1,300 million dollars, a decrease of over 130 million dollars from the same period last year. From October 1 to the end of September of the 2019-2020 fiscal year, Myanmar exported $ 616.464 million worth of goods to India, while India imported $ 696.937 million worth of goods, with a total trade volume of $ 1,313.401 million.

In the first six months of the 2019-2020 fiscal year, Myanmar’s major trading partners were China with more than 33 percent, Thailand with 13.6 percent; Singapore 9.7%; Japan and 5.3 percent; India and 4%; Pyidaungsu Hluttaw, 34.3% trade with other countries Public Accounts Joint Committee; According to the findings and opinion report No. (8/2020) regarding the first six months report of the National Plan for the fiscal year 2019-2020. Due to COVID-19, trade between Myanmar and Thailand in the 2019-2020 fiscal year was just over US $ 5,100 million, a decrease of over US $ 350 million from the previous year. The main priority areas of the National Export Strategy 2020-2025 are agro-based food production, textile and clothing sector, industry and electronics, fisheries sector, forest products sector, digital products and services, logistics services, quality management sector, trade Information services and innovation and entrepreneurship.

Source: Daily Eleven

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Myanmar-China Kyinsankyawt border post to resume operations on 25 Nov

Kyinsankyawt border post between Myanmar and China will be reopened commencing from 25 November, said U Min Thein, vice-chair of the Muse rice depot. On 22 November, the border crossing will resume on a trial run starting from 1 pm in the afternoon for three days. “If the trial run of the border post is successfully completed, the border checkpoint will resume its operation on 25 Nov as it is set to be,” U Min Thein elaborated. About 10,000 trucks load of goods, which have been stockpiled in the respective warehouses in Muse 105 mile, will be delivered first, he continued.

China has closed down the remaining land borders (Kyinsankyawt, Wamting) from 8 July 2021 following the COVID-19 cases in Myanmar. On 30 March, Mang Wein, which is a major border crossing between Muse and Kyalgaung areas, was suspended owing to the COVID-19 cases. On 1 April, Nantaw and Sinphyu border checkpoints were suspended operations. As a result of this, the border trade between Myanmar and China was completely halted. The closure of the Sino-Myanmar border trade resulted in job loss of about 400,000-600,000 workers engaged in the Muse land border.

Furthermore, the short-haul trucks from Muse to China were also affected by this consequence. Additionally, traders from the Muse border post were also battered by trade suspension, causing a revenue loss. Myanmar exports agricultural products, including rice, beans and corns, and fishery products such as crab, prawn, etc. Furthermore, Myanmar’s natural gas export to China is also conducted through the Muse-Ruili border. The raw CMP materials, electrical appliances and consumer goods are imported into the country. The land borders next to the Muse border are Nantaw, Sinphyu, Mang Wein, Kyinsankyawt-Wamting and Panseng-Wamting.

Source: The Global New Light of Myanmar

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China heads top-ten counties exported by Myanmar in 2020-21FY

China topped the list of the ten Myanmar’s exported counties with US$4.9 billion, followed by Thailand with $3.17 billion in the 2020-2021 financial year (FY), according to the Ministry of Commerce. The country also exported goods worth $944.21 million to Japan, $836.37 million to India, $620.59 million to the United States, $426.25 million to Germany, $411.71 million to Spain, $385.40 million to the United Kingdom, $366.18 million to the Netherlands and $305.76 million to South Korea, the Ministry’s figures said.

The bilateral trade between Myanmar and China amounted to over $12.13 billion from October to September of the 2019-2020FY, including over $5.4 billion worth of exports and over $6.7 billion worth for imports, according to the data released by the Ministry. In the same period of the 2019-2020FY, the value of border trade between Myanmar and India totalled over $1.3 billion, down over $130 million compared with the same period last year. The Myanmar- India total border trade during the period was shared by Myanmar’s export of $616.46 million and its import of $696.94 million.

Bilateral border trade between Myanmar and Thailand stood over $5.1 billion in the FY2019-2020, which saw a decrease of over $350 million from the corresponding period of last year. The country’s export to neighbouring Thailand reached $3.09 billion while its import shared $2.01 billion. Agro-based food production, textile and clothing, industry and electronics, fishery production, forestry production, digital production and services, logistics services, quality management, trade information services and innovation and entrepreneurship sectors are the main priority areas of the National Export Strategy (NES) 2020-2021. NES programme was launched in 2015 and includes textiles and garments, forestry products, beans, pulses and oilseeds, rice, fishery, rubber and tourism sectors.

Source: The Global New Light of Myanmar