December 13, 2017

Muse border trade value slumped by over US$360million

A file photo shows merchants check the goods at 105-mile Muse Trade Zone, northern Shan State. Photo: Phoe Khwar

The value of trade through the Muse border trade camp as of 13th January in this fiscal year 2016-2017 slumped by US$364.904million when compared to that in the same period of last year, according to Commerce Ministry statistics.
Out of sixteen border trade camps, the Muse border trade camp has the largest border trade volume, with a trade value of US$3,768.691m. But that was a decline from US$4,133.595m in the similar period of last year.
The trade values between 1st April and 13th January in this fiscal year were $3,768.691m from Muse, $138.210m from Lweje, $454.749m from ChinShweHaw, $71.022m from KanPikeTee, $3.765m from Kengtung, $57.422m from Tachilek, $690.837m from Myawady, $86.310m from Kawthaung, $151.175m from Myeik, $10.597m from Htee Khee, $2.286m from Mawtaung, $0.180m from Maese, $3.514m from Sittway, $4.104m from Maungtaw, $43.246m from Tamu and $27.116m from the Reed border gate, according to the Commerce Ministry.
Myanmar is conducting border trade with China through Muse, Lweje, Kanpiketee, Chinshwehaw and Kengtung while the country is trading with Thailand through the Tachilek, Myawady, Kawthaung, Myeik, Hteekhee, Mawtaung and Maese border gates. The cross-border trade camps between Myanmar and Bangladesh are Sittwe and Maungtaw, while the country trades directly with India via the Tamu and Reed border gates.
The border trade value as of 13th January in this fiscal year hit $5,513.224m, which is up by $ 61.323m compared to that of last year, with export values of $3,377.985m and import values of $ 2,135.239m, it is learnt. – Mon Mon

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