Border trade down by $88 million as of early October

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File photo shows trucks run near 105-mile Muse Border Trade Zone, Northern Shan State.  Photo: Phoe Khwar

Between 1 April and 6 October in the current fiscal year, border trade amounted to US$3.7 billion, which is about $88 million less than that in similar period of last FY, according to the figures recently released by the Commerce Ministry.
A slump in trade value at Muse checkpoint, which handles the country’s largest volume of cross-border trade, resulted in the decrease of total border trade value. In addition to Muse, Myanmar’s second and third-largest trade gates — Myawady and Chinshwehaw — also showed a slight decrease.
Myanmar trades with four neighbouring countries — China, Thailand, India and Bangladesh — through 16 checkpoints.
The value of Sino-Myanmar border trade at Muse, Lwejel, Chinshwehaw, Kanpiketee and Keng Tung gates as of 6 October this FY reached over US$3 billion, which shows a decrease of $91 million less than same point of last FY.
The country’s border trade with Thailand flows in and out of these gates- Tachilek, Myawady, Kawthoung, Myeik, Hteekhee, Mawtaung and Maese.
The country’s border trade with Thailand flows in and out of the following gate -s- Tachilek, Myawady, Kawthoung, Myeik, Hteekhee, Mawtaung and Maese. Although trade values at Tachilek, Myawady, Myeik and Hteekhee gates slipped a bit, Thai-Myanmar border trade increased by $17 million as border trade value at Kawthoung checkpoint increased by $34 million.
Despite about $2 million increase at the Reed gate, Indo-Myanmar border gate- Tamu showed a decrease of about $21 million from that of last FY, which led to a decrease of cross-border trade between India and Myanmar. Sittway and Maungtaw land points of entry between Bangladesh and Myanmar saw a small increase compared to that of last FY.

 

Ko Htet

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