Sino-Myanmar border trade surpasses US$2.2 bln in past 7 months

The border trade value between Myanmar and China escalated to over US$2.2 billion in the past seven months (from April to October) of the current financial year 2023-2024 from $1.56 billion recorded in the corresponding period last FY 2022- 2023, the Ministry of Commerce’s statistics showed.


The figures indicated a sharp increase of $708.65 million this FY compared to that in the correspond­ing period last FY 2022-2023.


Myanmar performs cross-bor­der trade with the neighbouring country China via Muse, Lwe­je, Chinshwehaw, Kampaiti and Kengtung. The Muse border saw a majority of the trade worth $1.45 billion. The trade value stood at $703.123 million at the Chinshwehaw border, $63.823 million at Kampaiti, $41.093 million at Lweje and $4.992 million at Kengtung.


Myanmar conducts border trade with the four neighbouring countries China, Thailand, Bangla­desh and India.


Export items are agricultural produce, livestock products, fisher­ies products, minerals, forest prod­ucts, finished industrial goods and other goods, while capital goods, intermediate goods, consumer goods and raw materials by CMP enterprises are imported. — NN/EM