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October 20, 2018

Muse border trade up by $198 million this fiscal year

Trucks are seen near the 105-Mile Muse Border Trade Zone in northern Shan State. Photo: Phoe Khwar
Trucks are seen near the 105-Mile Muse Border Trade Zone in northern Shan State. Photo: Phoe Khwar

Trade through the Muse border gate, which is the largest trading gateway among Myanmar’s border gates, reached more than US$4.1 billion in the first nine months of the current fiscal year (FY), according to the Commerce Ministry.
Between April 1 and December 29 this FY, the Sino-Myanmar border trade at the Muse, Lwejel, Chinshwehaw, Kanpiketee and Kengtung gates reached $4.76 billion, which is $167 million more than its value during the same period last FY.
Of the five checkpoints between Myanmar and China, Chinshwehaw and Kengtung have shown a slight decrease in trade.
As of October this FY, bilateral trade value with Myanmar’s main partner China via the sea route and border gates reached $6.3 billion, including an estimated $2.83 billion in exports and $3.5 billion in imports.
China’s trade with Myanmar is second to only its regional trade. Myanmar’s border trade with China performed better than its trade via sea.
Further, Myanmar’s exports to the most populous country, China, surpassed its imports. Rice, various kinds of peas, sesame seeds, corn, vegetables and fruits, dried tea leaves, fishery products, rubber, minerals and animal products are exported to China, whereas machinery, plastic raw materials, consumer products and electronic tools flow into Myanmar.—Mon Mon

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