Myanmar-Thai border trade drops $76 mln in mini-budget year

Trade volume between Myanmar and Thailand in the 2021 minibudget year (October-March) hit a total of US$72.67 million in total, according to the Ministry of Commerce. Compared to the same period of the 2020-2021FY, this minibudget year’s figures declined by $76 million. The bilateral border trade hit $148.78 million last year.

The country’s export to Thailand reached $32.19 million, while imports hit $40.48 million, Ministry of Commerce statistics show. The county mainly conducts border trade with Thailand through seven land borders – Tachilek, Myawady, Kawthoung, Myeik, Hteekhee, Mawtaung and Meisei. From 1 October 2021 to 8 October 2022, Myawady border point topped the trade with $55.9 million, followed by Kawthoung with $7.99 million and Myeik with $5.9 million.

Among three border trade checkpoints along the border between Myanmar and Thailand, the Myawady-Mae Sot route is the most important, carrying around 70 per cent of trade between the countries. Myanmar’s export to Thailand were primarily agriculture and livestock products, and imports from Thailand were mainly non-alcoholic beverages, fabric and yarn, motorcycles and related parts, and construction materials. Thailand is Myanmar’s secondlargest trade partner and third-largest foreign investor. Meanwhile, Myanmar is conducting border trade with neighbouring India, China and Bangladesh via a total of 16 border checkpoints.

Source: The Global New Light of Myanmar

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