Myanmar total border trade increases over $236 mln in this FY

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The total border trade value has reached over US$7.87 billion in nearly nine months of the current fiscal year, up $236 million, according to the official statistics from the Ministry of Commerce. From 1 October to 12 June of 2019-2020FY, the total border trade value including $5.42 billion in exports and $2.45 billion in imports. Compared with the last FY, the export earnings down by $17.9 million, while the import value increased by $254 million. This time last year, the border trade was valued at $7.63 billion.
There are 17 border trade camps in Myanmar. Myanmar conducts trade with China through the Muse, Lwejel, Kampaiti, Chinshwehaw and Kengtung borders.
The country carries out border trade with Thailand through the Tachilek, Myawady, Kawthoung, Myeik, Hteekhee, Mawtaung and Maese border checkpoints. The cross-border trade camps between Myanmar and Bangladesh are Sittway and Maungtaw, whereas the country trades directly with India via the Tamu, Reed and Kenglap borders.
Among all the border crossings, the Muse border sees the largest volume and value of border trade with an estimated value of more than $3.44 billion this FY followed by Hteekhee with $1.43 billion and Myawady with $865 million.
Myanmar’s major export items are farm, animal, marine, forest, mining, CMP and other products. Myanmar mainly imports capital goods, industrial raw materials, personal goods and CMP raw materials. —Zwe (Translated by Hay Mar)

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