Myanmar’s border trade reaches over $135 mln in mini-budget year

Myanmar’s trade with neighbouring countries through land borders reached over US$135 million as of 15 October in the mini-budget year of 2021-2022 or transition period from October to March this year, according to figures released by the Commerce Ministry.

During the period, the country’s export via border gates amounted to $60.21 million while its import shared $75.07 million. This financial year’s border trade decreased by over $358 million, compared to the same period of last FY when it amounted to $493.48 million, the ministry’s figures said.

Myawady topped the list of border checkpoints with the most trade value of $102.05 million, followed by Kawthoung with $13.41 million. Myanmar mainly exports agricultural products, animal products, marine products, minerals, forest products, manufacturing goods and others to foreign trade partner countries while capital goods, intermediate goods and consumer goods are imported into the country.

The country conducts border trade with neighbouring China through Muse, Lwejel, Kampaiti, Chinshwehaw and Kengtung; with Thailand via Tachilek, Myawady, Kawthoung, Myeik, Hteekhee, Mawtaung and Meisei border checkpoints, with Bangladesh via Sittway and Maungtaw and with India through Tamu and Reed border crossings, respectively.

Source: The Global New Light of Myanmar

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