You can read daily news of Global New Light of Myanmar using mobile applications. Download now!

November 18, 2018

Border trade with Thailand up over $47mln in current FY

Vehicles seen at Myawaddy border trade zone. Photo-Supplied

MYANMAR-Thailand border trade showed an increase of over US$47 million in the past 41 days during the current interim fiscal year, according to the official weekly statistical report of the Ministry of Commerce.
Between 1 April and 11 May this year, trade between the two countries totalled $171.4 million, while at this time last year, the bilateral trade was $123.6 million.
Myanmar and Thailand continue to conduct trade through seven cross-border gates at Tachilek, Myawady, Kawthoung, Myeik, Hteekhee, Maese and Mawtaung. Myawady has the largest volume and value of trade.
During the period, border trade between the two nations saw a significant increase in value, compared with the similar period in the last year, apart from the Hteekhee and Maese border gates.
Bilateral trade, as of 11 May, was valued at US$91.9 million in Myawady, US$39.4 million in Myeik, US$29.7 million in Kawthoung and US$8.6 million in Tachilek. The value of border trade between both countries coming across at Hteekhee, Mawtaung and Maese was fewer than $1.5 million each. According to the Ministry’s official figures, the total trade value at all borders reached $875.7 million, an increase of $230 million over the last fiscal year.
Myanmar primarily imports a wide range of consumer products, food, soft drinks, cooking oil, plastic ware, and cosmetics, while exporting marine products, agricultural commodities and other items to neighbouring country.

 

Swe Nyein

Comments

Related posts

Translate »