Myanmar's border trade reaches over 10.5 bln USD in FY 2019-20

October 21, 2020

Myanmar's trade with foreign countries through border gates reached over 10.5 billion U.S. dollars in the previous fiscal year (FY) 2019-2020 which ended on Sept. 30, according to the latest figures released by the Commerce Ministry.

Over the year, the country's export via border gates earned over 7.1 billion U.S. dollars while its import shared over 3.4 billion U.S. dollars.

According to the ministry's figures, the last fiscal year's border trade increased by over 294 million U.S. dollars, compared to the same period of FY 2018-2019 when it recorded over 10.2 billion U.S. dollars.

During the period, Muse topped the list of border checkpoints with the most trade value of over 4.8 billion U.S. dollars, followed by Heekhee with over 2 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.

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.