November 27, 2016

Breaking News

Muse border trade value reaches almost $3.2 billion

The border trade camp located at 205 Mile, Muse. Photo: Pho Kwar
The border trade camp located at 205 Mile, Muse. Photo: Pho Kwar

THE TOTAL trade value of the Muse border trade camp reached nearly US$3.2 billion this year, a decrease of over $140 million compared to the same period last year, according to the Commerce Ministry.
Located between Myanmar and China, the Muse border trade camp has the highest volume and value of total border trade among other trade camps.
Between 1 April and 18 November, the trade value of the Muse border trade camp hit $3.182 billion, including $2.144 billion from the export sector and $1.038 billion from the inport sector.
The total trade value of Muse in the same period of last year was $3.326 billion, including $2.3 billion from the export sector and $1.005 billion from the import sector.
The decrease in the value of trade is related to the recent attacks by a combined force of ethnic armed groups near the 105-mile trade zone, killing innocent civilians and destroying warehouses and cargo trucks, according to local traders.
According to the official figures released by the Ministry of Commerce, the trade value of Muse was $2.829 billion in FY2012-2013, $3.517 billion in FY2013-2014, $5.318 billion in FY2014-2015 and $5.377 billion in FY2015-2016.
Myanmar mostly exports agriculture products, forest products and fisheries products to neighbouring countries and imports personal goods, construction materials and other.—Shwe Khine

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