Border trade up by over $19 mln

THE total border trade value exceeded US$4.16 billion in the first five months of the current financial year, up over $19 million compared with the same period last year, according to the Ministry of Commerce. Till 19 February of 2020-21FY, the total border trade amounted to $4.16 billion, up to $19 million compared with the last year’s figure of $4.14 billion.

The entire border trade value included $2.88 billion in export and $1.28 billion in import. The trade volume at Muse border trade on the China-Myanmar border exceeded $2.18 billion, down over $208 million compared with the same period last year. Myanmar mainly exports agricultural products, animal products, marine products, minerals, forest products, manufacturing goods and others to foreign trade partner countries.

In contrast, capital goods, intermediate goods and consumer goods are imported into the country. Myanmar has opened 18 border trade camps. The country conducts border trade with neighbouring China through Muse,
Lweje, Kampaiti Chinshwehaw and Kengtung, with Thailand via Tachilek, Myawady, Kawthoung, Myeik, Hteekhee, Mawtaung and Maese gates, with Bangladesh via Sittwe and Maungtaw, and with India through Tamu and
Reed border crossings respectively.

Source: The Global New Light of Myanmar

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