The border trade value between Myanmar and China escalated to over US$2.2 billion in the past seven months (from April to October) of the current financial year 2023-2024 from $1.56 billion recorded in the corresponding period last FY 2022- 2023, the Ministry of Commerce’s statistics showed.
The figures indicated a sharp increase of $708.65 million this FY compared to that in the corresponding period last FY 2022-2023.
Myanmar performs cross-border trade with the neighbouring country China via Muse, Lweje, Chinshwehaw, Kampaiti and Kengtung. The Muse border saw a majority of the trade worth $1.45 billion. The trade value stood at $703.123 million at the Chinshwehaw border, $63.823 million at Kampaiti, $41.093 million at Lweje and $4.992 million at Kengtung.
Myanmar conducts border trade with the four neighbouring countries China, Thailand, Bangladesh and India.
Export items are agricultural produce, livestock products, fisheries products, minerals, forest products, finished industrial goods and other goods, while capital goods, intermediate goods, consumer goods and raw materials by CMP enterprises are imported. — NN/EM
