Total border trade value exceeds $9.7 bln this FY

The total border trade value at 18 border trade camps exceeded US$9.7 billion this 2020-21 financial year (FY), according to the Ministry of Commerce. During the period, the country’s export via land borders amounted to $6.49 billion, while its import shared $3.2 billion.

From 1 October to 24 September of the 2020-21FY, the total border trade value amounted to $9.69 billion, down $832 million compared with the same period last year. 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 checkpoints, with Bangladesh via Sittway and Maungtaw and with India through Tamu and Reed border crossings, respectively.

Muse trade camp in the Myanmar-China border reached $3.8 billion, down $1.02 billion compared with the same period last year. Myanmar mainly exports agricultural products, animal products, as well as forest products, minerals, fishery products and manufactured goods, among other things, while capital goods, raw industrial materials and consumer products are imported into the country.

Source: The Global New Light of Myanmar

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