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May 31, 2020

Thai-Myanmar border trade up $97.5 mln in current FY

The value of Thailand-Myanmar border trade in the period from 1 October to 13 December in the 2019-2020 financial year amounted to US$774.4 million, an increase of $97.5 million against the previous FY, according to official figures released by the Ministry of Commerce.
The total border trade figure included $544.4 million in exports and $229.96 million in imports. During the same period in the previous FY, bilateral border trade was pegged at $676.92 million.
Myanmar conducts border trade with neighboring Thailand mainly through seven border checkpoints – Tachilek, Myawady, Kawthoung, Myeik, Hteekhee, Mawtaung, and Maese.
From 1 October to 13 December this year, the Hteekhee border gate recorded the highest trade value of $411.4 million, followed by Myawady ($221.69 million) and Kawthoung ($74.6 million).
Besides Thailand, Myanmar is also trading with neighboring countries of China, India, and Bangladesh. Sino-Myanmar border trade is carried out through the Muse, Lwejel, Kanpiketee, Chinshwehaw, and Kengtung gates, while Myanmar conducts border trade with India via Tamu and Reed. The country trades with Bangladesh through the Sittway and Maungtaw checkpoints. As of 13 December this FY, border trade totaled nearly $2.27 billion, an increase of $605 million from the 2018-2019FY.
Myanmar exports agricultural products, forest products, animal products, minerals, fishery products, manufactured goods, and other products, while it imports capital goods, raw industrial goods, and consumer products.—GNLM (Translated by Hay Mar)

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