Thai-Myanmar border trade value down this FY

LOCAL NEWS

The value of Thailand-Myanmar border trade from 1st October to 31 January in the 2019-2020 fiscal year (FY) amounted to US$1.16 billion, a decrease of $97.34 million against last FY, according to figures released by the Ministry of Commerce.
Myanmar-Thailand border trade totalled $1.16 billion, which included $773.6 million in exports and $382.5 million in imports. Last year, total bilateral trade was $1.25 billion.
Myanmar mainly conducts border trade with neighbouring Thailand through seven border checkpoints – Tachileik, Myawady, Kawthoung, Myeik, Hteekhee, Mawtaung and Maese gates.
From 1 October to 31 January this year, the Hteekhee border gate recorded the highest trade value of $555 million, followed by Myawady ($362 million) and Kawthoung ($125 million).
Myanmar primarily exports fishery products, such as crab, fish and shrimp, as well as onions, sesame, dry tea leaves, coconut and turmeric, while consumer goods, cosmetic machinery, food products, agricultural equipment and track cars are imported into the country from Thailand.
The country is also trading with neighbouring countries of China, India and Bangladesh. Sino-Myanmar border trade is conducted through Muse, Lweje, Kanpiketee, Chinshwehaw and Kengtung gates, while Myanmar is carrying out border trade with India via Tamu and Reed.—GNLM (Translated by Hay Mar)

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