Thai-Myanmar border trade value declines this FY

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Myawady is one of the major crossings with Thailand as bilateral trade with the kingdom was more than US$1.4 billion in the past seven months. Photo Supplied

Values of Thailand-Myanmar border trade from 1 October to 1 May this financial year 2019-2020 amounted to more than US$1.4 billion which showed a decrease of $170 million against last FY, according to the official statistics of the Ministry of Commerce.
The country’s export to Thailand amounted to $1.7 billion while its import shared $677 million in seven months of this FY.
Myanmar and Thailand are also conducting bilateral trade via the Tachilek, Myawady, Kawthoung, Myeik, Hteekhee, Maese and Mawtaung borders.
During this FY, Hteekhee border which has the second-largest trade value out of 17 border crossings saw a decrease of over $541 million compared to a similar point of last FY. Myeik and Mawtaung borders also witnessed a slight decrease in trade value against the last FY.
The country’s agricultural and fishery products are exported to Thailand while cosmetics, food products and machinery and raw industrial goods such as cement and fertilizers are imported.
The country is also trading with these neighbouring countries- China, India and Bangladesh. Sino-Myanmar border trade is through Muse, Lweje, Kampaiti, Chinshwehaw and Kengtung borders while Myanmar is carrying out border trade with India via Tamu and Reed. The country’s trade with Bangladesh is also through the Sittway and Maungtaw borders.
Border trade as of 1st May this FY totalled nearly $6.76 billion which increased $351 million more than last FY. —Zwe (Translated by Hay Mar)

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