Myanmar’s border trade reaches over 8.6 bln USD in first 10 months of FY 2019-20

July 21, 2020

Myanmar’s trade with foreign countries through border gates reached over 8.6 billion U.S. dollars as of July 10 in present fiscal year (FY) 2019-2020 which started in October, according to figures released by the Commerce Ministry on Monday.

During the period, the country's export via border gates earned over 5.8 billion U.S. dollars while its import shared over 2.7 billion U.S. dollars.

According to the ministry’s figures, this fiscal year’s border trade increased by over 281 million U.S. dollars, compared to the same period of last fiscal year 2018-2019 when it recorded over 8.3 billion U.S. dollars.

Muse topped the list of border checkpoints with the most trade value of 3.8 billion U.S. dollars, followed by Heekhee with 1.6 billion U.S. dollars, the ministry’s figures said.

The country conducts border trade with neighboring China through Muse, Lweje, Kanpikete, Chinashwehaw and kengtung with Thailand via Tachilek, Myawady, Kawthoung, Myeik, Hteekhee, Mawtuang and Maese gates, with Bangladesh via Sittwe and Maungtaw and with India through Tamu and Reed border gates, respectively.

Myanmar mainly exports agricultural products, animal products, marine products, minerals, forest products, manufacturing goods and others while capital goods, intermediate goods and consumer goods are imported to the country.