Myanmar’s border trade reaches $5.6 bln in first six months of FY

Myanmar’ trade with foreign countries through border posts reached US$5.6 billion as of 2 April in the current financial year 2020-2021, which started in October, according to the figures released by the Ministry of Commerce.
During the period, the country’s export via land borders amounted to $3.7 billion while its import shared $1.9 billion.
This FY’s border trade down by over $264 million, compared to the same period of the last FY2020-2021 when it amounted to $5.9 billion, the Ministry’s figures said.
Muse topped the list of border checkpoints with the most trade value of $2.5 billion, followed by Myawady with $729 million. The country conducts border trade with neighbouring China through Muse, Lwejel, Kampaiti, Chinshwehaw and Kengtung with Thailand via Tachilek, Myawady, Kawthoung, Myeik, Hteekhee, Mawtaung and Meisei borders, with Bangladesh via Sittway and Maungtaw and with India through Tamu and Reed checkpoints, respectively.
From 1 October to 2 April of this FY, the country’s foreign trade has totalled over $7.8 billion while its sea trade valued at $4.1 billion, according to the Ministry’s report. Myanmar mainly exports agricultural products, animal products, marine products, minerals, forest products, manufacturing goods, and others. In contrast, capital goods, intermediate goods and consumer goods are imported to the country. —ACM/GNLM