Thursday, July 6, 2017

Border trade volume on track to top last year

July 5, 2017
Border trade from 1 April to 23 June this financial year was estimated at US$1.66 billion, representing a $117 million increase compared to the same period last year.

Exports increased $48 million and imports increased by $69.35, according to the official statistics of the Ministry of Commerce. Myanmar’s main trading partners include China, India, Thailand and Bangladesh. Myanmar’s trade with China primarily takes place at Muse, Lweje, Kanpiketee, Chinshwehaw and Kengtung ports of entry; Myanmar’s Indian trade primarily takes place at Tamu and Reed; Thai trade at Kawthaung and Myawady; and Bangladeshi trade at Sittway and Maungtaw.

The increase in export through border trade is due to the major increase in trade volume at Muse, which experienced the largest trade volume of all Myanmar’s land ports of entry.

As of 23 June, border trade value was $1 billion at Muse, $56.7 million in Lweje, $126 million in Chinshwehaw, $40.6 million in Kanpiketee, under $ 1 million in Kengtung, $19.2 million in Tachilek, $177 million in Myawady, $34.9 million in Kawthoung, $38.2 million in Myeik, $2.06 million in Htee Khee, 1.05 million in Mawtaung, under 1 million in Maese, under 1 million in Sittway, US$2.53 million in Maungtaw, $6.44 million in Tamu and $10.27 million in Reed.

Myanmar’s main exports include agricultural products, forest products, animal products, minerals, fishery products, manufactured goods and other products while capital goods, industrial raw materials and consumer products are mostly imported into the country.

Ref; The Global New Light of Myanmar

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