Myanmar-Thai border trade surges by $554 mln in current FY

February 21

 

MYANMAR-THAILAND border trade has increased by US$554.38 million and stands at $1.86 billion between 1 October and 11 February this mini-budget period, according to the Ministry of Commerce.

 

During this mini-budget period, exports made up $1.22 billion, an increase of $380 million with imports worth $645.5 million, up to $173.41 million. Last year, the bilateral border trade hit $1.307 billion.

 

Myanmar is carrying out border trade with the neighbouring country Thailand through seven border posts – Tachilek, Myawady, Myeik, Mawtaung, Hteekhee, Kawthoung and Meisei respectively.

 

Myawady border trade accounted for the largest volume of trade with Thailand, followed by Hteekhee, according to the statistical report of the Ministry of Commerce. The country exports agricultural, forest and animal products, minerals, manufactured goods and other miscellaneous products to neighbouring Thailand. Its imports include medicines, cosmetics, food and beverages, stationery, footwear, clothing, machinery and other commodities.

 

The bilateral trade between Myanmar and Thailand stood at $3.26 billion in the FY2020-21 (as of July), $5.1 billion in the FY2019-20, $5.5 billion in the FY2018-19, $2.9 billion in the mini-budget year of 2018 or transitional period from April to September this year, $5 billion in the FY2017-18, $4.3 billion in the FY2016-17, $4.8 billion in the FY2015-16, $5.7 billion in the FY2014-15, $5.6 billion in the FY2013-14, $4.7 billion in the FY2012-13 and $4.5 billion in the FY2011-12, according to the Ministry of Commerce. — ACM/GNLM