The border trade value between Myanmar and China tremendously grew to over US$2.419 billion in the past eight months of the current financial year 2023-2024, beginning 1 April, showing an increase of $597.445 million year on year, the Ministry of Commerce’s statistics showed.
Myanmar registered $1.82 billion of trade with China at the border in the corresponding period last FY 2022-2023.
Myanmar conducts cross-border trade with neighbouring China via Muse, Lweje, Chinshwehaw, Kampaiti, and Kengtung. The Muse border saw a majority of the trade worth $1.58 billion. The trade value stood at $703.063 million via Chinshwehaw, $71.946 million via Kampaiti, $51.075 million via Lweje and $10.772 million via Kengtung, respectively.
Myanmar has been carrying out border trade through land borders with the four neighbouring countries – China, Thailand, Bangladesh and India.
Export items are agricultural, livestock, fisheries, mineral, forest, manufacturing, and other goods. In contrast, capital goods, intermediate goods, manufacturing goods and raw materials for CMP enterprises are imported. — NN/EM
Myanmar-China border trade surpasses US$2.4 bln in 8 months
- December 15, 2023
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