Myanmar’s border trade reaches over $8.6 bln in first 10 months of FY 2020-21

Myanmar’s trade with foreign countries through border checkpoints reached over US$ 8.6 billion as of 30 July in present financial year 2020-21 which started in October, according to figures released by the Ministry of Commerce.
During the period, the country’s export via border checkpoints amounted $ 5.7 billion while its import shared $2.87 billion.
This FY’s border trade decreased by over $554 million, compares with the same period of last FY 2019-2020 when it amounted to $9.16 billion, the ministry’s figures said.
The country conducts border trade with neighbouring China through Muse, Lwejel, Kanpikete, Chinashwehaw and Kengtung with Thailand via Tachilek, Myawady, Kawthoung, Myeik, Hteekhee, Mawtaung and Meisei gates, with Bangladesh via Sittway and Maungtaw and with India through Tamu and Reed border gates, respectively.
Muse topped the list of border checkpoints with the most trade value of $ 3.55 billion, followed by Myawady with $1.52 billion.
Border trade with Bangladesh, India, Thailand and China has dropped compared to the last FY. Including the maritime routes, total trade so far this year is over $24.7 billion. That’s about $6.37 billion less than the same period last year. Myanmar mainly exports agricultural products, animal products, marine products, minerals, forest products, manufacturing goods and others while capital goods, intermediate goods and consumer goods are imported to the country.—ACM/GNLM