Muse trade zone achieves US$23.892 mln trade volume

As per the Ministry of Commerce’s Department of Trade, the 105th-mile Muse trade zone along the Myanmar-China border conducted trade activities totaling US$1.59 million during the period of August 1st to 13th, within the 2023–2024 financial year.
Within the same timeframe, trade transactions involving the trade zone encompassed exports valued at US$13.523 million to China and imports amounting to US$10.369 million from China, culminating in a trade volume of US$23.892 million between the two countries.
Prominent among the exported commodities are onions, broken rice, turmeric roots, rubber, dried prawn shell powder, eel, copper, cow pea, fish powder, and white fiber plants. Notably, the major imports from China encompass vehicles and vehicle mechanisms, diesel generators, bearings, alcoholic beverages, various types of shoes, plastic rolls, citric acid, apples, bicycles, and carton boxes.
According to the MACCS system, as of the second week of August, the exchange rate stood at K293.0825 per Chinese yuan, and the current status of the trade route remains favourable. — ASH/CT