Myanmar-Thailand bilateral trade in the first three months of the 2018-2019 Fiscal Year exceeded US$1.3 billion, up by $69.5 million, or 5.5 per cent, from the corresponding period last 2017-2018 FY, according to the Ministry of Commerce.
When compared with the same period last year, exports have risen by $11.2 million, while imports have grown by $178 million between October and December. For the same period last FY, the bilateral trade totalled $1.25 billion, with $746 million in export and $503 million in imports.
Myanmar conducts trade with neighboring Thailand via maritime routes as well as border points of entry. In border trade, goods are delivered mainly through seven border gates, namely, Tachilek, Myawady, Kawthoung, Myeik, Htikhee, Mawtaung, and Maese.
The marketable products between the two countries include watermelon, pineapple, avocado and other fruits, onion, garlic and other kitchen crops, dried tea leaves, manganese dioxide, jellyfish, and eel, cement, construction equipment, leather, iron and steel products, soaps, medicines, cosmetics, food and beverages, stationery,
footwear, clothing, and machinery.
During the 2018 mini-budget period (April-September), Myanmar-Thailand trade topped $2.9 billion, with exports worth $1.6 billion and imports pegged at $1.4 billion. Total trade increased by more than $500 million compared with the same time last FY, when Myanmar-Thailand trade stood at $2.5 billion.
According to the ministry’s annual statistical report, Myanmar-Thailand bilateral trade was registered at $5 billion in the 2017-2018 FY, $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 Directorate of Investment and Company Administration (DICA), Thailand’s fresh investments in Myanmar in the current FY reached $23.9 million from four projects. During the mini-budget period, Thai investments touched $64.6 million. In the 2017-2018 FY, Thailand made investments worth almost $123.8 million in the country.
(Translated by Khaing Thanda Lwin)