Trade at Hteekhee gate touches $558 mln in Oct-Jan

Bilateral trade between Thailand and Myanmar through the Hteekhee border gate between 1 October and 24 January in the 2019-2020 financial year rose slightly to US$558 million from $554.5 million registered in the year-ago period, according to data from the Commerce Ministry.
During the October-January period, exports through the Hteekhee gate stood at $550.48 million, while imports fell short of $7.7 million. Exports of natural gas from Taninthayi Region contributed to the enormous increase in trade through the Hteekhee gate in the previous fiscal, said an official from the ministry.
Normally, the Myawady gate sees the largest trade among the Myanmar-Thailand checkpoints. The rise in exports through the Hteekhee gate had boosted the value of the Myanmar-Thailand border trade in the 2018-2019FY.
Of the seven border trade points between Myanmar and Thailand, Myeik gate has witnessed a decrease in trade in the current financial year, while the remaining gates have reported an increase.
Myanmar primarily exports natural gas, fishery products, coal, tin concentrate (SN 71.58 per cent), coconut (fresh and dry), beans, and bamboo shoots to Thailand. It imports capital goods such as machinery, raw industrial goods such as cement and fertilizers, and consumer goods such as cosmetics and food products from the neighboring country.—Ko Htet  (Translated by Ei Myat Mon)

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