The total trade value at 18 border trade camps as of 15 May, this fiscal year (FY) exceeded US$7.13 billion, according to the Ministry of Commerce.
The total border trade value amounted to $7.126 billion between 1 October and 15 May of 2019-2020 FY, up to $446 million compared with the same period last year.
The total border trade value, as of 15 May this FY, included $4.95 billion in exports and $2.18 billion in imports. Compared with the last FY, the export earnings went up by more than $86.8 million, while the import value increased by $359 million. This time last year, the border trade was valued at $6.68 billion.
Myanmar border trade is being conducted through 18 border trade points with four neighbouring countries – China, Thailand, India and Bangladesh.
Among all the border points, the Muse border sees the largest volume and value of border trade, with an estimated value of more than $3.08 billion this FY, followed by Hteekhee with $1.28 billion and Myawady with $768 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 (Translated by Hay Mar)