Total border trade value top $4.9 bln

The total trade value at 18 border trade camps exceeded US$4.99 billion from 1 October to 12 March in 2020-2021 financial year, according to the Ministry of Commerce.
From 1 October 2020 to 12 March, the total trade value amounted to $4.99 billion, a decrease of $66.66 million compared with that of the same period last year.
The total border trade value as of 12 March this FY includes $3.24 billion in export and $1.76 billion in import. Compared with that of last FY, the export earnings dropped by $170 million while the import value up by $103 million. This time last year saw the total border trade valued at $5.06 billion.
Myanmar conducts border trade with China through Muse, Lwejel, Kampaiti, Chinshwehaw and Kengtung borders. The country carries out border trade with Thailand through Tachilek, Myawady, Kawthaung, Myeik, Hteekhee, Mawtaung and Meisei borders. The cross-border trade camps between Myanmar and Bangladesh are Sittway and Maungtaw. In contrast, the country trades directly with India via the Tamu and Reed borders.
Myanmar mainly exports agricultural products, animal products, as well as forest products, minerals, fishery products and manufactured goods, among other things, while capital goods, raw industrial materials and consumer products are imported into the country. — ACM