Border trade achieves surplus as exports outpace imports.
Myanmar’s border trade with the neighbouring countries amounted to US$6.52 billion as of 19 January 2024 in the current financial year 2023-2024 beginning 1 April, comprising exports worth $4.38 billion and imports valued at $2.14 billion, said Daw Cho Thet Mu, deputy director of the Trade Policy Division of the Trade Department under the Ministry of Commerce.
“There is a trade surplus because of the lower import and higher export,” she elaborated.
Myanmar conducts border trade with China, Thailand, India and Bangladesh. It exports agricultural, forest, fisheries and other products, while consumer products, capital goods and intermediate goods are imported.
Myanmar aims to achieve a trade target of $32.5 billion for the current FY 2023-2024, consisting of $16.5 billion in exports and $16 billion in imports. — ASH/KK
