Thai-Myanmar border trade reaches $2.7 bln in this FY

LOCAL NEWS

The trade volume between Myanmar and Thailand has reached US$2.71 billion in total with the Hteekhee land border accounting for the largest volume of trade, according to the official statistics of Commerce Ministry.

Myanmar-Thailand border trade totalled $2.711 billion between 1 October 2019 and 29 May 2020, which included $1.95 billion in exports and $757 million in imports. These figures declined by $103.9 million compared to the same period of last year. The bilateral border trade hit $2.82 billion in last year.

Myanmar mainly conducts border trade with neighbouring Thailand through seven land borders — Tachilek, Myawady, Kawthoung, Myeik, Hteekhee, Mawtaung and Maese.

From 1 October to 29 May this financial year, the Hteekhee border recorded the highest trade value of $1.35 billion followed by Myawady with $ 820 million and Kawthoung with $ 299 million. Myanmar’s exports to Thailand were primarily agriculture and livestock products and imports from Thailand were mainly non-alcoholic beverages, fabric and yarn, motorcycles and accessories and the construction materials.
Thailand is Myanmar’s second-largest trade partner and third-largest foreign investor. — Zwe (Translated by Hay Mar)

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