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Myanmar earns $4.6 bln from total border trade

Trucks seen at 105-mile trade zone Muse, northern Shan State.  Photo: Phoe Khwar
Trucks seen at 105-mile trade zone Muse, northern Shan State.  Photo: Phoe Khwar

The value of border trade reached US$4.6 billion between 1 October and 28 February this fiscal year, recording an increase of $493 million compared with the same period last FY, according to figures released by the Ministry of Commerce.
The total border trade value, as of 28 February this FY, included $3.02 billion in exports and $1.55 billion in imports. Compared with the last FY, the export earnings increased by more than $113 million, while the import value increased by $380 million. At this time last year, border trade was valued at $4.07 billion.
The country is conducting border trade with China, Thailand, Bangladesh and India. Myanmar has 18 border trade centers at Muse, Lweje, Chinshwehaw, Kampaiti, Kengtung, Techilek, Myawady, Kawthoung, Myeik, Nabule/Htikhi, Mawtaung, Maese, Sittwe, Maungdaw, Tamu, Reik, Htantalan, Kenglap.
Among all gates, the Muse border gate sees the largest volume and value of border trade, with an estimated value of $2.2 billion this FY, followed by Hteekhee with $788 million and Myawady with $493 million.
Myanmar mainly exports agricultural products, animal products, fisheries, minerals and forest products to foreign countries, while capital goods, intermediate goods and consumer goods are imported into the country.—GNLM (Translated by Hay Mar)

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