Total border trade value exceeds $ 3.9 bln

16 February

The total border trade value through 7 February of this fiscal year (FY) exceeded US$3.9 billion, according to the Ministry of Commerce.

From 1 October to 7 February of 2019-2020 FY, the total border value amounted to $3.981 billion, up $584 million compared with the same period last year. The total border trade value included $2.57 billion in exports and $1.41 billion in imports.

Compared with the last FY, export earnings increased by more than $221 million, while the import value increased $362 million. At this time last year, the border trade was valued at $3.39 million.

Myanmar conducts border trade with China through the Muse, Lwejel, Kanpikete, Chinshwehaw and Kengtung border points. The country carries out border trade with Thailand through the Tachilek, Myawady, Kawthoung, Myeik, Hteekhee, Mawtaung and Maese border points. The cross-border trade camps between Myanmar and Bangladesh are Sittway and Maungtaw, whereas the country trades directly with India via the Tamu and Reed border points.

Among all the points, the Muse border point sees the largest volume and value of border trade, with an estimated value of more than $1.92 billion in this FY, followed by Hteekhee with $668 million and Myawady with $390 million.

Myanmar’s major export items are farm, animal, marine, forest, mining, CMP and other products. Myanmar mainly imports capital goods, industrial raw materials, personal goods and CMP raw materials.—GNLM