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June 05, 2020

Hteekhee trade down $100 mln in current fiscal

Trade between Thailand and Myanmar via the Hteekhee border gate between 1 October and 7 February in the current financial year plunged to US$668.6 million from $770.39 million registered in the year-ago period, according to data from the Ministry of Commerce.
Over the past four months, exports through the Hteekhee gate reached $661.29 million, while imports fell short of $7.34 million. Exports of natural gas from Taninthayi Region had contributed to an enormous increase in exports through the Hteekhee gate in the 2018-2019FY, said an official from the ministry. Earlier, the Myawady gate saw the largest trade among the Myanmar-Thailand checkpoints. The rise in exports through the Hteekhee gate last year boosted the value of the Myanmar-Thailand border trade to more than double the amount registered in the previous year.
Of the seven border trade points between Myanmar and Thailand, the Hteekhee and Myeik gates have witnessed a decrease in trade in the current financial year, while the remaining gates have reported an increase in trade. Myanmar primarily exports natural gas, fishery products, coal, tin concentrate (SN 71.58 per cent), coconut (fresh and dry), beans, and bamboo shoots to Thailand. It imports capital goods such as machinery, raw industrial goods such as cement and fertilizers, consumer goods such as cosmetics and food products from the neighboring country. — Ko Htet (Translated by Ei Myat Mon)

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