Border trade down $974 million

The total border trade value exceeded US$8.86 billion as of 27 August in the current financial year (FY), down over $974 million compared with the same period last year, according to the Ministry of Commerce. Between 1 October and 27 August, the total border trade amounted to $8.86 billion, down $974 million compared with the last year’s figure of $9.84 billion.

The country’s export via border checkpoints amounted to $5.83 billion while its import shared $3.03 billion. The trade volume at Must border trade on China-Myanmar border exceeded $4.51 billion, down over $863 million compared with the same period last year. Myanmar has opened 18 border trade camps.

Myanmar mainly exports agricultural products, animal products, marine products, minerals, forest products, manufacturing goods and others to foreign trade partner countries while capital goods, intermediate goods and consumer goods are imported into the country. 

Source: The Global New Light of Myanmar

Tags: No tags

Leave A Comment

Your email address will not be published. Required fields are marked *