Sino-Myanmar bilateral trade values at $4.5 bln in 2019-2020FY Q1

A worker loading smoked rubber sheets to a truck at a rubber market.  Photo: Khun (Win Pa)
A worker loading smoked rubber sheets to a truck at a rubber market.  Photo: Khun (Win Pa)

The value of Myanmar’s trade with China through maritime trade channels totalled over US$4.5 billion in October and January of 2019-2020 fiscal year, including $2.108 billion worth of exports and $2.39 billion for imports, according to the data released by the Ministry of Commerce.
Meanwhile, Myanmar’s regional trade with ASEAN countries touched a high of $4.2 billion.
Myanmar primarily exports agro-products to China through land borders. However, trade-in agricultural products are frequently halted on account of China clamping down on illegal trade in border crossings.
The value of bilateral trade with China was $11.36 billion in the 2018-2019 FY, $6 billion in the past mini-budget period, $11.78 billion in the 2017-2018 fiscal year and $10.8 billion in the 2016-2017FY respectively.
Rice, various types of peas, sesame seeds, corn, fruits and vegetables, dried tea leaves, fishery products, rubber, minerals and animal products are exported to China, whereas machinery, plastic raw materials, consumer products and electronics tools flow into Myanmar. — GNLM (Translated by Ei Myat Mon)

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