Myanmar’s border trade reaches $6.36 bln in first 8 months of FY2020-21

Myanmar’s trade with foreign countries through border gates reached over US$6.36 billion as of 7 May in the current financial year (FY) 2020-2021, which started in October, according to figures released by the Ministry of Commerce.
During the period, the country’s export via border gates amounted to $4.32 billion while its import shared $2.04 billion.
This FY’s border trade dropped by over $853 million, compared to the same period of the last FY2019-2020 when it amounted to $7.21 billion, the ministry’s figures said.
Muse topped the list of border checkpoints with the most trade value of $3.45 billion, followed by Myawady with $941 million.
The country conducts border trade with neighbouring China through Muse, Lweje, Kampaiti, Chinshwehaw and Kengtung with Thailand via Tachilek, Myawady, Kawthoung, Myeik, Hteekhee, Mawtaung and Meisei gates, with Bangladesh via Sittway and Maungtaw and with India through Tamu and Reed border gates, respectively.
According to the Commerce Ministry, from 1 Oct 2020 to 7 May 2021 of this FY, the country’s foreign trade totalled over $18.09 billion while its sea trade valued $11.73 billion.
Myanmar mainly exports agricultural products, animal products, marine products, minerals, forest products, manufacturing goods and others to foreign trade partner countries. In contrast, capital goods, intermediate goods and consumer goods are imported into the country. — ACM/GNLM