Muse border trade down nearly $1,500 mln within four months this mini-budget period

Han Htay sskm

The value of trade between Myanmar and China via the Muse land border in nearly four months of this current mini-budget period showed a drastic drop of nearly US$1,500 million compared to the last previous year, according to the Ministry of Commerce.
From 1 October 2021 to 28 January 2022, Myanmar’s exports to China through the Muse land border were valued at $425.880 million, while imports were worth $20.801 million. The value of the Muse border trade touched $ 446.681 million in nearly four months of this mini-budget year 2021-22.
The trade showed a fall in both exports and imports compared to the corresponding period of last year.
Compared with the same period last year, the value of trade via Muse amounted to $1,945.917 million, including $ 1,226.391 million in export and $719.526 million in imports.
The annual trade through Muse border was $2,829.860 million in the FY2012-13, $3,517.684 million in the FY2013-14, $5,318.163 million in the FY2014-15, $5,377.877 million in the FY2015-16, $5,410.056 million in the FY2016-17, $5,841.879 million in the FY2017-18, $2,995.401 million in the mini budget year of 2018, $4,917.976 million in the FY2018-19, $4,890.587 million in the FY2019-2020 and $4,057.724 million in the FY2020-21.
In 2020-21 FY, China topped the list of the ten Myanmar’s exported counties with $4,905.80 million, followed by Thailand with $3,172.26 million, according to the Ministry of Commerce.
The country also exported goods worth $944.21 million to Japan, $836.37 million to India, $620.59 million to the United States, $426.25 million to Germany, $411.71 million to Spain, $385.40 million to the United Kingdom, $366.18 million to the Netherlands and $305.76 million to South Korea, the Ministry’s figures said.
The bilateral trade between Myanmar and China amounted to over $12.13 billion from October to September of the 2019-2020FY, including over $5.4 billion worth of exports and over $6.7 billion worth of imports, according to the data released by the Ministry. — Aye Maung/GNLM

Share this post
Hot News
Hot News
Best athlete awards selected for 2019 and 2021
Safe Mekong Coordination Centre opens in Myanmar’s Shan State
CBM charges non-bank financial institutions for relocating, opening and closing branch offices
Illegal timbers, foodstuffs, consumer goods, industrial materials and vehicles confiscated
Raise momentum in combatting trafficking in persons
54 container ships scheduled to arrive at Yangon Port in Dec
CB Bank resumes cash withdrawal service of MPU Debit cards through ATM
Black gram price sinks below K1.7 mln per tonne
Tickets worth over K3,900 million sold in 45th Aung Bar Lay lottery
Japan offers 186 demand letters to over 500 Myanmar migrant workers