Border trade value exceeds $7.9 billion in current fiscal year

Muse 105 mile border trade zone. Photo: Phoe Khwar
Muse 105 mile border trade zone. Photo: Phoe Khwar

The value of Myanmar’s border trade until 16 March this fiscal year (FY) reached US$7.942 billion, recording an increase of $515 million compared with the same period last FY, according to the statistical report of the Ministry of Commerce.
The total border trade value before the end of this FY included $5.159 billion in exports and $2.783 billion in imports. Compared with last FY, export earnings went up by more than $430 million, while the import value increased by $85 million.
This time last year, border trade was valued at $7.427 billion. Myanmar conducts border trade with China through the Muse, Lwejel, Kanpikete, Chinshwehaw and Kengtung border points. The country has carried out border trade with Thailand through the Tachilek, Myawady, Kawthoung, Myeik, Hteekhee and Mawtaung border gates. The cross-border trade camps between Myanmar and Bangladesh are Sittway and Maungtaw, whereas the country trades directly with India via the Tamu and Reed border gates.
Among all the gates, the Muse border gate sees the largest volume and value of total border trade, with an estimated value of more than $5.4 billion this FY, followed by Myawady with $858 million and Chinshwehaw with $554 million.
The value of border trade at the Chinshwehaw, Kengtung, Tachilek, Myawady and Tamu stations decreased this FY.
Myanmar largely imports consumer goods, intermediate goods, construction equipment, automobiles and capital goods mainly from China, Japan, India, Indonesia, Germany, France and Hong Kong. Its exports include agricultural products, fishery products, mining products, forest products and industrial goods.
Currently, some 80 per cent of the country’s external trade is carried out via sea routes.—Swe Nyein

Share this post
Hot News
Hot News