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Myanmar-Thai border trade up $46 mln this FY

Myawady Border Gate sskm 1024x583 01 mk

Border gate between Myanmar and Thailand is crowded with vehicles and walkers.

The Myanmar-Thailand border trade has increased by US$ 46 million and stands at $3.4 billion between 1 October and 30 July this financial 2020-21, according to the Ministry of Commerce.
The country’s export to neighbouring Thailand reached $2.3 billion while its import shared $1.09 billion. Last year, the bilateral border hit $3.36 billion.
Myanmar is carrying out border trade with the neighbouring country Thailand through seven border checkpoints—Tachilek, Myawady, Myeik, Mawtaung, Hteekhee, Kawthoung and Meisei border areas respectively.
Myawady border trade accounted for the largest volume of trade with Thailand, followed by Hteekhee, according to the statistical report of the Myanmar Ministry of Commerce.
Myanmar’s exports to Thailand were primarily agriculture and livestock products, and imports from Thailand were mainly non-alcoholic beverages, fabric and yarn, motorcycles and related parts, and construction materials.
Between 2016-2017 FY and 2019-2020 FY (as of August), Thailand has been Myanmar’s largest trade partner among the ASEAN states, followed by Singapore and Malaysia.
The bilateral trade between Myanmar and Thailand stood at $ 3.26 billion in FY 2020-2021 (as of July), $ 5.1 billion in FY 2019-2020, $ 5.5 billion in FY 2018-2019, $ 2.9 billion in mini-budget year of 2018 or transitional period from April to September this year, $ 5 billion in FY 2017-2018, $ 4.3 billion in the 2016-2017 FY, $ 4.8 billion in the 2015-2016 FY, $ 5.7 billion in the 2014-2015 FY, $ 5.6 billion in the 2013-2014 FY, $4.7 billion in the 2012-2013 FY, and $ 4.5 billion in the 2011-2012 FY, according to the Myanmar Ministry of Commerce.—ACM/GNLM

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