Muse trade zone achieves US$23.892 mln trade volume

Export and import cargoes are seen on the Myanmar-China border.

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

Share this post
Hot News
Hot News
Meat production should focus on frozen and dried products
Meiktila possesses chances to export surplus products to domestic and foreign markets
Weekly Roundup
Tatmadaw regains control of Pa-O Self-Administered Zone, Kayah State after raid by PNLO, PDF terrorist groups
MAI plans Yangon-Vientiane flights on 25 June
MMPO to present cash assistance to offspring for 2024-2025AY
Five new basic education, industrial, agri and livestock High Schools open in Mandalay
Myanmar, ASEAN Japan Centre envisage collaboration in 2024 projects
CBM authorizes two more forex companies for petty cash purchases
Kampaiti border set to hit US$5M trade target in June