The value of Myanmar’s bor­der trade with China amount­ed to nearly US$1 billion in the current financial year 2023-2024, according to the Ministry of Commerce.

The figures soared from $607.63 million recorded in the corresponding period last FY 2022-2023, indicating a signifi­cant increase of $388.148 million this FY.

Myanmar is carrying out border trade with the neigh­bouring country China through Muse, Lweje, Chinshwehaw, Kampaiti and Kengtung. The Muse border performed the largest trade value of $657.976 million among them.

Trade values stood at $263.668 million via Chinshwe­haw, $49.93 million via Kampaiti, $21.813 million via Lweje and $2.391 million via Kengtung.

Myanmar carries out bor­der trade with the neighbour­ing countries Thailand, China, Bangladesh and India. It ex­ports agricultural products, livestock, fisheries, minerals, forest products, manufactur­ing goods and other goods, while capital goods, consumer goods, intermediate goods and raw materials by the CMP en­terprises are brought into the country.

Myanmar’s border trade with China is steadily growing with 200 trucks in and out of the Muse trade zone daily.

Myanmar daily delivers rice, broken rice, rubber, vari­ous beans and pulses, fishery products, chilli pepper and other food commodities to China and building materials, electrical appliances, food products and pharmaceuticals are imported into the country. — NN/EM