Myanmar-Thailand bilateral border trade tops $3.7 bln this FY

Bilateral border trade between Myanmar and Thailand reached over US$3.7 billion as of 10 September in the present financial year 2020-2021 which started in October, the Ministry of Commerce’s trade data showed. The country’s export to Thailand totalled $2.44 billion while its import shared $1.29 billion during the period. This budget year’s figures decreased by $95 million, compared to the same period in the last fiscal year.

Myanmar mainly conducts border trade with neighbouring Thailand through seven border checkpoints—Tachilek, Myawady, Kawthoung, Myeik, Hteekhee, Mawtaung and Meisei gates. During the period, Myawady border gate topped with $1.79 billion trade. The country’s agricultural and fishery products are exported to Thailand while cosmetics, food products and machinery and raw industrial goods such as cement and fertilizers are imported.

The bilateral trade between Myanmar and Thailand stood at $3.7 billion in FY2020-2021 (as of September), $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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