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Border trade increases by $196 million

Between 1 April and 25 May in this fiscal year, the value of border trade reached US$ 1.165 billion, recording an increase of $196 million compared to the same period in the last FY, state media reported quoting figures recently released by the Commerce Ministry.

The total value of border trade, as of 25 May this fiscal year, included $727 million in exports and $438 million in imports. Compared with the last FY, export earnings went up by over $163 million, while the value of imports increased by $32 million. This time last year, border trade was valued at $969 million.

Myanmar conducts border trade with China through the Muse, Lwejel, Kanpikete, Chinshwehaw and Kengtung border points. The country has carried out border trade with Thailand through the Tachilek, Myawady, Kawthoung, Myeik, Hteekhee, Mawtaung and Maese border gates. The cross-border trade camps between Myanmar and Bangladesh are Sittway and Maungtaw, whereas the country trades directly with India via the Tamu and Reed border gates.

Source: mizzima

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