Muse border trade bags more than US$60 million in August

Myanmar’s 105th-mile Muse trade zone for cross-border trade with China accumulated US$60.178 million in August.
Exports surpassed imports with exports valued at $37.856 million and $22.322 million worth of imports. Myanmar exported agricultural produce, forest products, fishery products, minerals, finished industrial goods and other goods to China, while capital goods and intermediate goods were imported into the country.
Figures showed $10.992 million, a slump in trade compared to that of July, with a decrease of $1.841 million worth of exports and $9.151 million worth of imports as exports of agricultural produce including kidney bean, green gram, rice bean, various sesame seeds and dried tea leaf declined in August. However, exports grew in the manufacturing and mining sectors. The imports of intermediate goods, capital goods and consumer goods also fell, according to the Muse Trade Zone.
The value of trade was up by $46.468 million compared to the corresponding period last year with an increase in exports worth $36.228 million and imports valued at $10.240 million.
Myanmar sent rice, various pulses, onion, cashew nut, natural rubber and other agricultural produce, forest products, fishery products, livestock products, minerals, finished industrial goods and other goods to China through the Muse border trade zone.—TWA/GNLM