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Total border trade value exceeds $545 mln in mini-budget year

Myanmar’s trade with foreign countries through land borders reached over US$ 545.86 million as of 5 November in the mini-budget year of 2021-22 or a transition period from October to March this year, according to figures released by the Commerce Ministry. The total border trade value as of 5 November includes $375.5 million in export and $170.4 million in imports.

Compared with the same period of last year, the export earnings dropped by $487.11 million while the import value fell by $45 million. Myawady topped the list of border checkpoints with the most trade value of $242.51 million, followed by Hteekhee with US$1.41.77 million. From 1 October to 5 November 2021, the country’s foreign trade totalled over $2.5 billion, while its sea trade is valued at over $2 billion, according to the ministry.

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 crossings, with Bangladesh via Sittway and Maungtaw and with India through Tamu and Reed border posts, respectively. Myanmar mainly exports agricultural products, animal products, marine products, minerals, forest products, manufacturing 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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