YANGON – Myanmar’s trade with China through the Muse border trading camp was valued at approximately US$3 billion this fiscal year, according to the Directorate of Commerce and Consumers’ Affairs.
This number marks a spike of over $656 million in trade since last fiscal year.
Myanmar exports to China were valued at over $2 billion between April 1 and November 14 this year, while Chinese imports to Myanmar were valued at over $918 million.
Thus, the bilateral trade amounts to over $2.9 billion.
Last fiscal year, the volume of exports to China amounted to over $1.5 billion, and China’s import volume was worth over $790 million, bringing the value of the bilateral trade between the two countries close to $2.3 billion.
In an effort to increase trade with China, Myanmar is now opening additional border trading camps in Muse, Lwejel, Chin Shwe Haw and Kan Peik Tee Townships. Among the border trading camps, Muse processes the most trade with China, according to the Directorate of Commerce and Consumers’ Affairs.
Myanmar mostly exports agricultural products such as rice, beans, pulses, sesame and maize as well as raw rubber products to China through the Muse border trading camp.
Myanmar mainly imports Chinese-made motorcycles, bicycles, fertilizers and construction materials from China.
Source: ELEVEN MYANMAR