Myanmar's border trade reaches 9.6 bln USD in 11 months of 2019-20 fiscal year

September 25, 2020

Myanmar's trade with foreign countries through border gates reached over 9.6 billion U.S. dollars as of Aug. 28 in current 2019-2020 fiscal year (FY) which started in October, according to figures released by the Commerce Ministry on Wednesday.

During the period, the country's export via border gates earned over 6.4 billion U.S. dollars, while its import garnered over 3.1 billion U.S. dollars.

According to the ministry's figures, this fiscal year's border trade increased by over 244 million U.S. dollars, compared to the same period of last 2018-2019 fiscal year when it recorded over 9.4 billion U.S. dollars.

Muse topped the list of border checkpoints with the most trade value of 4.3 billion U.S. dollars, followed by Heekhee with 1.8 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, animal and marine products, minerals, forest products, manufacturing goods and others, while capital goods, intermediate goods and consumer goods are imported to the country.