Total border trade value down by $86 mln this FY

MYANMAR’S trade with foreign countries through land borders reached over US$4.84 billion as of 5 March in the current financial year (FY) 2020-2021, which started on 1 October, according to the figures released by the Ministry of Commerce. From 1 October to 5 March of 2020-2021FY, the total border trade value amounted to $4.836 billion, a decrease of $86 million compared with that of the same period last FY when it amounted to $4.92 billion.

The country’s export via land borders amounted to $3.12 billion while its import shared $1.72 billion during the period. Muse topped the list of border checkpoints with the highest trade value of $2.28 billion, followed by Myawady with $549 million. The country conducts border trade with neighbouring China through Muse, Lweje, Kampaiti, Chinshwehaw and Kengtung with Thailand via Tachilek, Myawady, Kawthoung, Myeik, Hteekhee, Mawtaung and Maese crossings, with Bangladesh via Sittway and Maungtaw and with India through Tamu and Reed border posts, respectively.

From 1 October 2020 to 5 March of this FY, the country’s foreign trade totalled over $4.84 billion, while its sea trade valued $8.71 billion, according to the ministry. Myanmar mainly exports agricultural products, animal products, marine products, minerals, forest products, manufactured goods and others while capital goods, intermediate goods and consumer goods are imported to the country.

Source: The Global New Light of Myanmar

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