Myanmar, Thailand bilateral border trade hit $ 1.8 bln in FY 2019-2020


Bilateral border trade between Myanmar and Thailand totalled around US$1.88 billion as of 13 March in fiscal year (FY) 2019-2020 which started on 1 October last year, according to the figures from the Ministry of Commerce.
The country’s export to neighbouring Thailand reached $1.25 billion while its import shared $524 million. This fiscal year’s figures increased by $175.27 million, compared to the same period in the last fiscal year. Bilateral border trade was $1.6 billion in the previous year.
The country mainly conducts border trade with Thailand through seven border checkpoints — Tachilek, Myawady, Kawthoung, Myeik, Hteekhee, Mawtaung, and Mae Sai crossings.
During the period, the Hteekhee border crossing topped with a most bilateral border trade value of $882.2 million.
The country’s agricultural and fishery products are exported to Thailand while cosmetics, food products, and machinery and raw industrial goods such as cement and fertilizers are imported.
According to the ministry’s data, the total trade between Myanmar and foreign countries reached over $4.94 billion.—Zwe (Translated by Hay Mar)

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