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July 03, 2020

Hteekhee border trade falls by $520 mln as of 19 June

Bilateral trade between Thailand and Myanmar through the Hteekhee border between 1 October and 19 June in the 2019-2020 financial year sharply fell to US$1.47 billion from $1.99 billion registered in the year-ago period, according to the data from the Ministry of Commerce.
Over the eight months of current fiscal, exports through the Hteekhee border stood at $1.45 billion, while imports fell short of $18.6 million.
Exports of natural gas from Taninthayi Region has contributed to the enormous increase in trade through the Hteekhee border since the previous fiscal, said an official from the ministry.
Earlier, the Myawady checkpoint sees the largest among the Myanmar-Thailand land border trade. The rise in exports through the Hteekhee crossing had boosted the value of the Myanmar-Thailand land border trade in the 2018-2019FY. In the current fiscal, trade values at Hteekhee checkpoint also surpassed those registered at Myawady crossing.
However, Myanmar’s exports of natural gas to Thailand over the past eight months of the current financial year 2019-2020 showed a decrease of about $400 million compared with the corresponding period of 2018-2019 fiscal, according to the Ministry of Commerce.
Of the seven land borders between Myanmar and Thailand, Myeik, Mawtaung and Hteekhee borders have witnessed a decrease in trade in the current financial year, while the remaining borders (Tachilek, Myawady, Kawthoung and Maese) have reported an increase.
Myanmar primarily exports natural gas, fishery products, coal, tin concentrate (SN 71.58 per cent), coconut (fresh and dry), beans, corns and bamboo shoots to Thailand. This year, corn exports to Thailand rose significantly compared with the previous years, yet natural gas export drastically plunged. It imports capital goods such as machinery, raw industrial goods such as cement and fertilizers, and consumer goods such as cosmetics and food products from the neighbouring country. — Ko Htet (Translated by Ei Myat Mon)

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