China Border

When applying for an import license from the Chinese border, You must present the account balance (RMB) purchased from a local bank

When applying for an import license from the Chinese border, either from export earnings or The Foreign Exchange Supervisory Committee has decided that the balance of the account (RMB) purchased from a local bank must be presented.

whether by sea or Obtaining a license for goods to be imported from the border or from abroad and paying from local banks or To allow payment only through the bank transfer system, either from export earnings or by purchase. When applying for an import license from the Chinese border, either from export earnings or It was decided in the meeting number (41/2023) of the Foreign Exchange Supervisory Committee to submit a bank statement showing the balance of the account (RMB) purchased from a local bank.

In the third quarter of the fiscal year 2022-2023, the five countries that imported the most imports to Myanmar were China, Singapore Thailand According to the Central Statistics Association, Malaysia and Indonesia are in the same order.

In the third quarter of the fiscal year 2022-2023, among the five countries that imported the most goods to Myanmar, China accounted for $1,537.89 million; Singapore $1,147.21 million; Thailand 543.13 million dollars; Malaysia, $237.11 million; Indonesia ranks first with $229.908 million.

In the fiscal year 2020-2021, China is among the 10 countries that import the most imports to Myanmar, more than 4647 million dollars. According to the Ministry of Economy and Commerce, Singapore has more than 2604 million dollars and Thailand has more than 1980 million dollars.

From October to the end of September in the fiscal year 2020-2021, the countries that imported the most goods to Myanmar were China, Singapore Thailand Indonesia, Malaysia, India South Korea Vietnam Japan and the United States.

In the fiscal year 2020-2021, the largest import to Myanmar was from China with 4647.10 million dollars, from Singapore with 2604.22 million dollars. 1980.89 million dollars from Thailand; 1164.51 million from Indonesia; 787.34 million dollars from Malaysia, 386.54 million dollars from India. $376.85 million from South Korea; 58 million from Vietnam; According to the Ministry of Economy and Commerce, 352.46 million dollars were imported from Japan and 227.32 million dollars from the United States.

Source: Daily Eleven

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