2 June
THE value of border trade from 1 October to 24 May this fiscal year reached US$6.71 billion, recording an increase of $841 million when compared to that in the same period of last year, according to the sta-tistical report of the Ministry of Commerce.
The total border trade value included $4.8 billion in exports and $1.9 billion in imports. This time last year, border trade was valued at $5.9 billion.
Myanmar is trading with her neighboring countries — China, India, Bangladesh and Thailand. Sino-Myanmar bor-der trade is carried out through Muse, Lweje, Kanpiketee, Chin Shwe Haw and Kengtung gates while Myanmar is carrying out border trade with India via Tamu and Reed. The country’s border trade gates with Bangla-desh are Sittway and Maungtaw as well as Thailand via Tachil-ek, Myawady, Kawthoung, My-eik, HteeKhee, Mawtaung and Maese.
Among the all 16 border trade camps, the Muse border gate sees the largest volume and value of total border trade, with an estimated value of more than $3.3 billion this FY, followed by HteeKhee with $1.5 billion and Myawady with $590 million.
Myanmar mainly export agricultural products, animal products as well as forest prod-ucts, minerals, fishery products, manufactured goods and other products while capital goods, raw industrial materials and consumer products are import-ed into the country.
Currently, some 80 per cent of the country’s external trade is carried out via sea routes.—Zwe (Translated by Hay Mar)
