The total border trade value exceeded US$1.6 billion, down over $1.3 billion in the first three months of the current mini-budget year compared with the same period last year, according to the Ministry of Commerce.
From 1 October to 7 January of 2021-22 mini-budget year, the total border trade amounted to $1.63 billion, a decrease of $1.25 billion compared with the last year’s figure of $2.88 billion. The total border trade value included $1.13 million in exports and $493 billion in imports.
Myanmar is trading with neighbouring countries such as China, Thailand, Bangladesh, and India with 19 border trade camps.
Myawady border sees the highest value of border trade with an estimated cost of more than $656 million this FY followed by Hteekhee with $444 million and Muse with $324 million.
Myanmar’s major export items are agro, animal, marine, forest, industrial finished products, and other products. The country mainly imports capital goods, raw materials, personal goods and CMP products. — ACM/GNLM
Total border trade down nearly $1.3 bln
- January 18, 2022
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