The export of Myanmar to China declined by over US$160 million in over eight months of this fiscal year compared to that of last year, according to the Ministry of Commerce.
Although the bilateral trade between Myanmar and China has increased annually, it has dropped this year because of the pandemic. Currently, the officials from the two countries are discussing to solve the difficulties in trading at the Muse border.
Myanmar carries out China border trade via Muse, Chinshwehaw, Kampaiti and Lwejel borders. Within eight months of this FY, Myanmar’s export to China reached $2.5 billion while its import shared $1.1 billion, according to the Ministry of Commerce.
Myanmar border trade is being conducted through 18 border trade points with four neighbouring countries – China, Thailand, India and Bangladesh. The total border trade value reached $7.33 billion as of 22 May in this FY. Although Myanmar-China border trade has declined because of coronavirus, the bilateral trade between Myanmar and Thailand has increased. —Aye Maung (Translated by Hay Mar)