Individual imports from borders top over Ks37 billion this FY

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Furniture being displayed at the Singapore EXPO Convention and Exhibition Centre.  Photo: Supplied

The value of imports using the individual trading cards (ITCs) at border crossings topped Ks37.286 billion in the current fiscal year (FY), while individual exports exceeded Ks4.721 billion, according to the latest report of the commerce ministry.
Of the country’s 15 active border crossings, Myanmar imported a wide variety of goods through 11 border crossings, including Tamu, Muse, Myawady, Tachilek, Lwejel, Chinshwehaw, Kanpaiktee, Kawthong, Reed, Mawtaung and Maungtaw.
Among these border points, the individual export was the highest, both in terms of volume and trade, at the Myawady border gate, reaching more than Ks30 billion in value, followed by Kanpaiktee at Ks1.658 billion, Mawtaung at Ks1.280 billion, Reed at Ks970 million, Kawthoung at Ks785 million, Tachilek at Ks626 million and Tamu at Ks423 million.
Trade through the remaining borders points was valued lower than Ks60 million.
According to the ministry, the total individual trade at the 12 border entry points, as of 16 March, was valued at Ks42.007 billion.
The Ministry of Commerce has issued ITCs to border merchants since the 2012-2013 FY. Since the programme was launched, some 1,430 ITC holders are operating at the border crossings. The trade authorities have issued 166 cards to individual traders this FY.

 

Shwe Khine

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