Total border trade value exceeds US$9.5 bln

LOCAL NEWS

The total trade value at 18 border trade camps exceeded US$9.56 billion from 1 October to 21 August in 2019-2020 financial year (FY), according to the Ministry of Commerce. During this period, the total border trade value amounted to $9.56 billion, an increase of $334 million compared to that of the same period last year. The border trade value hit $9.23 billion last year. The total border trade value included $6.45 billion in export and $3.11 billion in import.
There are 18 border trade camps in Myanmar. The country carried out border trade with China, Thailand, Bangladesh and India. Among all the border crossings, the Muse border sees the enormous volume and value of border trade with an estimated cost of more than $4.27 billion this FY followed by Hteekhee with $1.84 billion and Myawady with $1.08 billion. Myanmar’s major export items are farming, animal, marine, forest, mining, CMP and other products. Myanmar mainly imports capital goods, industrial raw materials, personal goods and CMP raw materials. The total trade value is targeted to hit $34 billion in 2019-2020FY while the export sector is estimated to reach US$ 18 billion.—Zwe (Translated by Hay Mar)

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