Myanmar-Thai border trade up $314 mln till 24 Sept

The Myanmar-Thailand border trade has increased by US$314 million and stands at $4.2 billion between 1 October and 24 September this financial year 2020-21, according to the Ministry of Commerce.
The country’s export to neighbouring Thailand reached $2.84 billion while its import shared $1.36 billion.
During the corresponding period of the past FY2019-2020, Myanmar-Thailand border trade touched a high of $3.88 billion.
Some border checkpoints are temporarily restricted during the pandemic period. There are seven border posts between Myanmar and Thailand, Tachilek, Myawady, Kawthoung, Hteekhee, Myeik, Mawtaung and Meisei. Except for Tachilek and Myawady, the remaining border checkpoints showed a decrease in trading this FY.
Among those trade camps along the Myanmar-Thailand border, the Myawady-Mae Sot route is the most important, carrying about 70 per cent of trade between the two countries. As of 24 September of this FY, the Myawady land border topped with $1.9 billion of bilateral trade.
Myanmar primarily exports agriculture and livestock products, natural gas, beans, and bamboo shoots to Thailand. It imports non-alcoholic beverages, fabric and yarn, motorcycles and related parts, construction materials and food products.
Thailand is Myanmar’s second-largest trade partner and third-largest foreign investor. — ACM/GNLM