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Sino-Myanmar border trade falls by $562 mln in Q1

The value of Sino-Myanmar border trade between 1 October and 4 January totalled US$1.24 billion, a decrease of $562.8 million compared with the corresponding period of the previous financial year, according to data from the Ministry of Commerce. Border trade stood at $1.8 billion in the same period of the 2017-2018 fiscal. The drop in […]

Border zone with China to go ahead

An approval regarding the location of the proposed China-Myanmar border economic zone will be given “soon”, assistant secretary U Khin Maung Lwin from the Ministry of Commerce told The Myanmar Times. The discussions were carried out last week by the implementation body with priority made between Kachin and Shan states as they share the border […]

Myanmar goods seek to penetrate int’l market through Canton Fair

YANGON, Feb. 13 (Xinhua) — Myanmar will seek to penetrate international market through exhibition of its goods at the upcoming 123rd Spring Canton Fair of China, the official Global New Light of Myanmar quoted the Ministry of Commerce as saying Tuesday. “Participating in the trade fair can not only prevent illegal trading but can promote […]

External trade rises year-to-date, but border trade stalls

Trade between Myanmar and its international counterparts hit $16.9 billion between April 1 and October 13 in the current fiscal year, government data revealed. That’s an increase of $2.9 billion over the same period in the previous fiscal year. The rise in external trade came despite a substantial drop in business at many of Myanmar’s […]

Border trade down by $165 million

The value of border trade from 1st April to 25 August this fiscal year was down by US$165 million when compared to that in the same point of last fiscal year. Border trade from 1st April to 25 August this fiscal year hit $2.77 billion — $1.65 billion in exports and $1.12 billion in imports, […]

Muse trade rises again after merchant accounts unfrozen

The Muse land port of entry saw trade values increase by US$100 million in first four months of the current financial year compared to same period of last year, said the merchants engaged in Muse border trade. The increase in trade is due, in part, to the unfreezing of bank accounts by China after a […]

Maritime Trade Value Declines While Border Trade Value Increases

The value of trade through normal trade as of 11th November in this fiscal year declined by over US$328.406 million, while value of trade through border area increased by US$ 390.421million, according to the statistics provided by the Commerce Ministry. The value of exports as of 11th November in the current fiscal year was US$4,234.941million […]

Border trade tops US$3billion, a rise from previous fiscal year

Border trade as of 14th October in this fiscal year 2016-2017 reached over US$3billion, which is higher compared to the similar period of the last fiscal year, it is learnt from the Ministry of Commerce. Border trade value from 1st April to 14th October in this fiscal year fetched US$3,790.3million, which is up from US$3,451.254million […]

Value of trade through Muse border trade camp on the decline

The value of trade through the Muse border trade camp was on the decline as of the end of September, it is learnt from the statistics of Trade Department. The value of trade via Muse as of 23rd September in this fiscal year amounted to US$2,214.732million, whereas in the similar period of last fiscal year […]

Export price of rice to China on the decline unlike stable domestic rice price

The price of rice exported to China through the Muse trade channel has been on the decline, unlike the domestic rice price, which remains stable  said U Kyaw Min, the secretary of Mandalay Rice Depot. Rice is exported to China mostly through the Muse and Lweje border trade camps, but the rice trade is declining […]