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Myanmar-Thai border trade reached $1.9 bln in FY2020-21

Bilateral border trade between Myanmar and Thailand reached over US$1.9 billion as of 2 April in the current budget year 2020-21, which started in October, according to the Ministry of Commerce. The country’s export to Thailand totalled $1.3 billion while its import shared $589 million during the period. Compared to the same period in the last FY, the financial year’s figures declined by $370. Myanmar mainly conducts border trade with neighbouring Thailand through seven border checkpoints — Tachilek, Myawady, Kawthoung, Myeik, Hteekhee, Mawtaung and Maese.

During the over sixmonth period, the Myawady land border topped with $729 million of bilateral trade. Myanmar primarily exports natural gas, fishery products, coal, tin concentrate, coconut (fresh and dry), beans, corns, bamboo shoots, sesame seeds, garment, footwear, plywood and veneer, broken rice and other commodities to Thailand. It imports capital goods such as machinery, raw industrial goods such as cement and fertilizers, and consumer goods such as cosmetics, edible vegetable oil and food products from the neighbouring country.

The bilateral trade between Myanmar and Thailand stood at $1.9 billion in FY2020-2021 (as of April), $5.1 billion in FY2019-2020, $5.5 billion in FY2018-2019, $2.9 billion in the mini-budget year of 2018 or transitional period from April to September this year, $5 billion in FY2017- 2018, $4.3 billion in the 2016-2017FY, $4.8 billion in the 2015-2016FY, $5.7 billion in the 2014-2015FY, $5.6 billion in the 2013-2014FY, $4.7 billion in the 2012- 2013FY, and $4.5 billion in the 2011-2012FY, according to the Myanmar Ministry of Commerce.

Source: The Global New Light of Myanmar

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