Trade volume between Myanmar-Thai border up $33 mln this FY

 

THE trade volume between Myanmar and Thailand in financial year 2020-21 hit a total of US$3.36 billion in total, Ministry of Commerce statistics showed.

According to the ministry, Myanmar’s exports to Thailand reached $ 3.2 billion while imports hit $2.1 billion. This FY’s figures are increased by $33 million, compared to the same period in the last FY.

Myanmar mainly conducts border trade with neighbouring Thailand through seven border checkpoints namely Tachileik, Myawady, Kawthoung, Myeik, Hteekhee, Mawtaung and Meisei gates.

Among those trade points along the Myanmar-Thailand border, Myawady-Mae Sot route is the most important, carrying about 70 per cent of trade between two countries. As of 23 July of this FY, Myawady border checkpoint topped with $1.49 billion of bilateral trade.

In Myanmar, most of the goods mainly imported from Thailand are raw materials for manufacturing, and construction material. So, the transportation route is import for two countries’ economies and businesses.

Myanmar’s exports to Thailand were primarily agriculture and livestock products, and imports from Thailand were mainly non-alcoholic beverages, fabric and yarn, motorcycles and related parts, and construction material.

Thailand is Myanmar’s second-largest trade partner and third-largest foreign investor.

ACM/GNLM

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