The value of Myanmar’s border trade with China amounted to nearly US$1 billion in the current financial year 2023-2024, according to the Ministry of Commerce.
The figures soared from $607.63 million recorded in the corresponding period last FY 2022-2023, indicating a significant increase of $388.148 million this FY.
Myanmar is carrying out border trade with the neighbouring country China through Muse, Lweje, Chinshwehaw, Kampaiti and Kengtung. The Muse border performed the largest trade value of $657.976 million among them.
Trade values stood at $263.668 million via Chinshwehaw, $49.93 million via Kampaiti, $21.813 million via Lweje and $2.391 million via Kengtung.
Myanmar carries out border trade with the neighbouring countries Thailand, China, Bangladesh and India. It exports agricultural products, livestock, fisheries, minerals, forest products, manufacturing goods and other goods, while capital goods, consumer goods, intermediate goods and raw materials by the CMP enterprises are brought into the country.
Myanmar’s border trade with China is steadily growing with 200 trucks in and out of the Muse trade zone daily.
Myanmar daily delivers rice, broken rice, rubber, various beans and pulses, fishery products, chilli pepper and other food commodities to China and building materials, electrical appliances, food products and pharmaceuticals are imported into the country. — NN/EM
Myanmar-China border trade bags nearly US$1 billion in Q1
- July 11, 2023
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