THE value of Myanmar’s bilateral trade with the neighbouring country Thailand through land border has registered a decrease of US$12.798 million in April of the current financial year 2022- 2023 as against a-year ago period, statistics issued by the Ministry of Commerce indicated.
The ministry reported that exports surpassed imports in trade with Thailand this year, with exports reaching over $240.4 million and imports valued at over $92 million, totalling $332.47 million.
During the corresponding period of the past FY2020-2021, Myanmar-Thailand border trade touched a high of $345.27 million.
There are seven border posts between Myanmar and Thailand through Tachilek, Myawady, Kawthoung, Hteekhee and Myeik. Except for Kawthoung, Myeik and Myawady, the remaining border crossings showed a slight increase in the trade this FY.
The value of border trade stood at $10.677 million via Tachilek, $134.848 million via Myawady, $18.1 million via Kawthoung, $4.655 million via Myeik and $163.4 million via Hteekhee.
Myanmar exports the corn to Thailand through Myawady and Tachilek land border.
Additionally, exports of natural gas from the Taninthayi Region contributed to the enormous increase in border trade with Thailand in the previous years.
Myanmar primarily exports natural gas, fishery products, coal, tin concentrate (SN 71.58 per cent), coconut (fresh and dried), beans, and bamboo shoots to Thailand. It imports capital goods such as machinery, raw industrial goods such as cement and fertilizers, and consumer goods such as cosmetics and food products from the neighbouring country. — KH/GNLM