Trade between Myanmar and its four neighbouring countries has reached over US$1.99 billion this mini-budget period to date, according to the statement of the Ministry of Commerce.
Myanmar shares borders with China, Thailand, Bangladesh and India. 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 checkpoints, with Bangladesh via Sittway and Maungtaw and with India through Tamu and Reed border crossings, respectively.
Exports of these four countries from the start of October 2021 until 21 January 2022 generated $1.43 billion. On the same period, the country imported $568.3 million worth of goods.
From 1 October to 21 January of the 2021-22FY, the total border trade value amounted to $1.999 billion, down $1.36 billion compared with the same period last year. This time last year, the border trade was valued at $3.36 billion.
Myanmar’s major export items are farm, animal, marine, forest, mining, CMP and other products. Myanmar mainly imports capital goods, industrial raw materials, personal goods and CMP raw materials. — ACM/GNLM
Border trade down over US$1.36 bln
- February 04, 2022
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