Myawady, Tachilek border trade tops US$200 mln in May

The value of trade through the Myawady and Tachilek border points with the neighbouring country Thailand totalled US$205.13 million in May 2023, the Ministry of Commerce’s statistics indicated.
Trade via the Myawady border amounted to $186.751 million with exports worth $57.691 million and imports worth $129.06 million.
The overall trade figures showed a sharp drop of $53.395 million compared to that in the corresponding period last year, with a sharp drop of $59.585 million in exports and an increase of $6.19 million in imports.
Despite the rise in the mineral export group, the exports in agricultural products, livestock products, manufacturing and other groups declined, while there was a decrease in consumer goods imports, yet there was an increase in imports of intermediate goods and capital goods last month via the Myawady border.
Nonetheless, the trade value via the Myawady border in May 2023 was up by $79.806 million from that of April, with an increase of $25.077 million in exports and $54.729 million in imports.
Last month, the trade value through the Tachilek border reached $18.379 million, including exports worth $9.201 million and imports valued at $9.178 million. Tachilek border achieved 12.53 per cent of the trade target. The figures showed a decrease of $2.256 million in exports and $0.685 million compared to those registered in the corresponding period last year.
The export values were up by $0.012 million in forest products, $0.184 million in minerals, $0.519 million in fishery products and $0.004 million in manufacturing. Exports of Agricultural groups showed a decline of $2.973 million and other groups indicated a small drop of $0.002 million.
Meanwhile, imports in capital goods were up by $0.716 million. However, the import values fell by $1.203 million in intermediate goods and $0.198 million in consumer goods.
Trade value increased by $6.735 million through the Tachilek border compared to that of April 2023. — TWA/EM