Kampaiti border trade surpasses US$55 million mark as of 11 Aug

Myanmar’s Kampaiti border with the neighbouring country China amounted to US$55.29 million as of 11 August in the current financial year 2023-2024 beginning 1 April, comprising exports worth $47.139 million and imports worth $8.152 million. The figure increased from $39.75 million recorded in the corresponding period last FY 2022-2023.
The Kampaiti border aims to achieve a trade target of $3 million in August. About $1.088 million worth of trade was carried out at the Kampaiti border as of the second week of August, accounting for 36.27 per cent of the trade target.
Tissue-culture bananas were mainly exported and construction materials, intermediate goods, consumer goods, clothes and fruits were imported.
In the past two weeks of August, the Kampaiti border saw exports of 1,092 tonnes of tissue-culture bananas with an estimated value of $375,101. It imported 1,264 tonnes of compound fertilizer, 19 tonnes of hollow pipe, 14.6 tonnes of iron pipe, 24 tonnes of iron sheet in coil, 51 tonnes of artificial grass, 10.2 tonnes of apple and 7,400 tonnes of ceramic tile plain, apple, tangerine, clothes, construction materials and capital goods.
There is no freight forwarder service running in the Kampaiti border. Companies transport with their own trucks. There are no landslides or road blockages along the Kampaiti-Waingmaw-Myitkyina trade channel and trucks are regularly seen flowing in and out of the Kampaiti border post. — TWA/EM