Myanmar border trade hits over $9.13 bln this FY

Myanmar’s border trade hit over US$ 9.13 billion in the financial year 2020-21, down over $1.32 billion compared with that of the same period of last FY, according to figures released by the Ministry of Commerce. Border trade with Bangladesh, India, Thailand and China has declined compared to the last FY.

During the period, the country’s export via land borders amounted to $5.9 billion while its import shared $3.16 billion. This FY’ border trade decreased by over $1.32 billion compared to the same period of last FY when it amounted to $10.45 billion, the ministry’s figures said. Muse topped the list of border checkpoints with the most trade value of $3.6 billion, followed by Myawady with $1.8 billion.

The country conducts border trade with neighbouring China through Muse, Lweje, Kampaiti Chinshwehaw and Kengtung crossings, with Thailand via Tachilek, Myawady, Kawthoung, Myeik, Hteekhee, Mawtaung and Meisei checkpoints, with Bangladesh via Sittway and Maungtaw and with India through Tamu and Reed border posts, respectively. Myanmar’s major export items are farm, animal, marine, forest, mining, CMP and other products. Myanmar mainly im ports capital goods, industrial raw materials, personal goods and CMP raw materials.

Source: The Global New Light of Myanmar

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