September 20, 2017

Border trade value increases by US$140million this FY

The Myawady-Mae Sot Border between Myanmar and Thailand being seen busy with those waiting to cross the border gate. Photo: Go-Myanmar.com
The Myawady-Mae Sot Border between Myanmar and Thailand being seen busy with those waiting to cross the border gate. Photo: Go-Myanmar.com

Although the volume of exports via the Muse border has slumped, the value of trade through border areas in this fiscal year has increased by US$140million when compared to the similar period of the last fiscal year, it is learnt.
The trade value as of the last week of August totalled US$2.81billion, whereas that in the same period of the last fiscal year was US$2.76billion. The export through Muse border as of 26th August in 2016-2017 fiscal year fetched US$1,331.373million, whereas the import value was US$626.181million which was US$20,000 lower than the previous year. But the export value this year in Muse slumped by over US$114million.
However, trade value in other trade camps between China and Myanmar has increased–  more than US$38.12million in Lwe Je border trade camp, more than US$89.19million in Chin Shwe Haw border trade camp and more than US$12.41million in Kan Pike Te border trade camp were respectively attained from border trade when compared to figures in the similar period of the last fiscal year.
Similarly, Myawady border trade camp between Myanmar and Thailand earned more US$102.86million. Additionally, trade values of US$1.24million in Kaw Thaung border trade camp, US$2.93million in Htee Khee border trade camp and US$0.59million in Maw Taung border trade camp, US$0.6million in Maung Taw border trade camp and US$13.35million in Tamu border trade camp, US$3.32million in Reed border trade camp were higher than the previous year, it is learnt.
Out of 15 border trade camps of Myanmar, Muse, Keng Tung, Tachilek, Myeik and Sittwe border trade camps are experiencing decreased trade this fiscal year. Despite the rise in the border trade in this fiscal year, the normal trade value has slumped by over US$215million when compared to that of the last fiscal year. The total trade value as of 26th August amounted to US$10.73billion, which is US$74million lower than the previous year. —Mon Mon

Comments

Related posts

Translate »