Individual trades exceed K14.12 bln at border gates in Oct-Dec

Trade conducted by Individual Trading Card (ITC) holders touched K14.12 billion at the border gates in the past three months of the 2019-2020 financial year, according to data released by the Ministry of Commerce.
The Trade Department issued 23 cards in October-December, and card holders conducted trade worth K14.12 billion. While imports exceeded K12.7 billion, exports were valued at just K1.4 billion.
The Myawady gate recorded the highest trade value at K8.527 billion in the current FY, according to the Commerce Ministry. But, the figure only reflects imports as individual trading card holders did not export goods through the Myawady gate in the past three months.
The value of trade carried out by individual card holders stood at K113.95 million at Tamu, over K6.11 million at Muse, K84.5 million at Tachilek, K15.19 million at Lwejel, K316 million at Kanpiketee, K612.9 million at Kawthoung, K344.6 million at Reed, K2.54 billion at Mawtaung, K1.43 billion at Hteekhee, and K127.7 million at Kengtung, as per data from the Commerce Ministry.
Individual trades topped K737 million in the period spanning 21 November, 2012 to 31 March, 2013; exceeded K6.6 billion in the 2013-2014FY; crossed 9.3 billion in the 2014-2015FY; stood at over K6.4 billion in the 2015-2016FY; rose above K18.5 billion in the 2016-2017FY; touched K45.9 billion in the 2017-2018FY; K22.5 billion during the mini-budget period (April-September, 2018); and K9.38 billion in the 2018-2019FY.
The Trade Department has issued 1,710 cards so far with the aim of boosting trade. Businessmen can trade goods worth K3 million per day using ITCs, and the Trade Department has permitted trade of up to K15 million per day over five days. — Ko Htet (Translated by Ei Myat Mon)

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