Drastic decline in Muse trade brings down total border trade value

image 0 02 06 7dc0caa8981107f0a8297aafe66ce5968b64a9c043744decb665fa7ff087af08 VTotal border trade value as of 13 October in current FY plunged sharply on account of steep decline in Muse trade, which conducts the largest trade among Myanmar’s border gates, according to the figure recently released by the Commerce Ministry.
Border trade between 1 April and 13 Oct this FY amounted to $3.8 billion which is down by $151 million compared to that of similar point of last FY. Muse trade plunged by $121 million against last FY.
Myanmar is carrying out border trade with the most populous country China through Muse, Lweje, Chinshwehaw, Kanpiketee and Keng Tung land points of entry. Chinshwehaw and Keng Tung gates are also seen decline in trade because there has suspension in export to China these days. Myanmar’s rice, sugar, various pulses, sesame seeds, corns, dried tea leaf, fishery products, minerals and animal products are exported to China while capital goods, intermediate goods and consumer goods flowed into the country.
Myanmar and Thailand are conducting the border trade via Tachilek, Myawady, Kawthoung, Myeik, Hteekhee, Maese and Mawtaung. Also, it is carrying out border trade with India via Tamu and Reed. The country’s border trade gates with Bangladesh are Sittway and Maungtaw.
There is also a slight decrease in trade at Thai-Myanmar checkpoints- Tachilek, Myawady, Myeik and Hteekhee and Indo-Myanmar border gate Tamu. — Htet Myat

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