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August 04, 2020

Border trade over 4 months worth US$4.1 billion, a decrease of US$260 million

Trucks seen at 105-mile trade zone Muse, northern Shan State.  Photo: Phoe Khwar
Trucks seen at 105-mile trade zone Muse, northern Shan State.  Photo: Phoe Khwar

The value of border trade from 1st April to 27th October this fiscal year was down by US$260 million compared to the same period last year.
Border trade from 1st April to 27th October this fiscal year hit US$4.15 billion, US$2.54 billion in exports and US$1.6 billion in imports, according to the official statistics of the Ministry of Commerce.
Myanmar conducts trade with neighboring countries —China, India, Bangladesh and Thailand. Sino-Myanmar border trade is carried out through the Muse, Lweje, Kanpiketee, Chin Shwe Haw and Kengtung gates, while Myanmar carries out border trade with India via the Tamu and Reed gates. The country’s border trade gates with Bangladesh are Sittway and Maungtaw as well as Thailand via Tachilek, Myawady, Kawthaung, Myeik, HteeKhee, Mawtaung and Maese.
The decrease in export through border trade is due to a major decrease in Muse border trade camps, which used to perform the largest amount of trade out of all 16 border trade camps.
The value of border trade as of 27th October in the current FY was $2.86 billion in Muse, $103 million in Lweje, $299 million in Chin Shwe Haw, $59 million in Kanpiketee, $98,000 in Kengtung, $42.4 million in Tachilek, $497 million in Myawady, $93.8 million in Kawthaung, $123 million in Myeik, $3.05 million in HteeKhee, $3.4 million in Mawtaung, $33,000 in Maese, $6.34 million in Sittway, $5.43 million in Maungtaw, $18.1 million in Tamu and $19.6 million in Reed.
Myanmar mainly exports agricultural products, animal products as well as forest products, minerals, fishery products, manufactured goods and other products, while capital goods, raw industrial materials and consumer products are imported into the country. – GNLM

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