Total border trade value down by $673 mln

The total border trade value has reached over US$667.6 million as of 19 November in the mini-budget year of 2021-22, down $673 million, according to the official statistics from the Ministry of Commerce.
The total border trade value, as of 19 November, included $432.9 million in exports and $234.6 million in imports. Compared to the last FY, the export earnings went down by more than $577.96 million, while the import value decreased by $95.9 million. This time last year, the border trade was valued at $1.34 billion.
Myanmar border trade is being conducted through 18 border trade points with four neighbouring countries – China, Thailand, India and Bangladesh.
Among all land borders, the Myawady checkpoint sees the largest volume and value of border trade, with an estimated value of more than $337 million this FY, followed by Hteekhee with $142 million and Muse with $95.36 million.
Myanmar’s major export items are farm, animal, marine, forest, mining, CMP and other products. Myanmar mainly imports capital goods, industrial raw materials, personal goods and CMP raw materials. — Zwe/GNLM