Nowadays, Myanmar mainly exports rice, beans and pulses, maize and other agricultural products, export commodities from various sectors, and marine products in large volume to the international market through border and maritime trade routes for earning foreign exchange be inserted into the State fund as usual.
Meanwhile, not only the government but the private sector also import various kinds of goods necessary for the use of the State and the people by spending foreign exchange.
As such, it is necessary often to adjust export and import goods in trade volume to be able to calculate the gross domestic product of the nation. By assessing the GDP of the country, Myanmar citizens and foreign investors can implement their plans to grasp investment opportunity for their businesses.
Today is time to strive for the growth of the State economy. All the entire people should strive for raising export volume while reducing import volume in order to increase trade surplus.
According to the temporary statistics within February and March 2021, border trade zones and camps handled export and import processes with US$1,774 million worth of export products and US$1,772 million worth of import goods. As a result, the government has managed more than US$2 million of trade surplus for two months.
Myanmar is sharing the border with five neighbouring countries, namely China, Thailand, Laos, India and Bangladesh. Among them, China is the largest foreign market for Myanmar. During February and March, Myanmar traded US$438 million worth of export products and US$171 million worth of import commodities, totalling US$609 million with China. In this regard, Muse border trade zone occupied 65 per cent of trade volume, Chinshwehaw 18 per cent, Kampaiti 10 per cent and Lwejel six per cent respectively.
To improve the economy not only for the State but also for the private sector, 18 border trade zones and camps, namely Muse, Lwejel, Kampaiti, Chinshwehaw, Kengtung, Tachilek, Myawady, Kawthoung, Myeik, Hteekhee, Mawtaung, Meisei, Sittway, Maungtaw, Tamu, Reed, Thantlang and Kenglek are handling export and import processes with counterpart cities from neighbouring countries.
Today is time to strive for the growth of the State economy. All the entire people should strive for raising export volume while reducing import volume in order to increase trade surplus. It is because increased income from trade surplus will contribute a great deal to an acceleration of nation-building tasks.
