Myanmar border trade value hits $7.19 bln in 2020-2021FY

The total border trade value exceeded US$7.189 billion, down over $842 million in the first nine months of the current financial year compared with the same period last year, according to the Ministry of Commerce.

From 1 October to 4 June of 2020-2021FY, the total border trade amounted to $7.19 billion, a decrease of $842 million compared with the last year’s figure of $8.03 billion. The total border trade value included $4.69 billion in export and $2.49 billion in import. Myanmar has opened 18 border trade camps.

The trade volume at Muse border trade on the China-Myanmar border exceeded $3.66 billion, down over $567 million compared to the same period of the last year. Myanmar’s major export items are agro, animal, marine, forest, industrial finished products, and other products. The country mainly imports capital goods, raw materials, personal goods and CMP products.

Source: The Global New Light of Myanmar

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