Home MMBIZ News Myanmar’s Border Trade Hits $4b in 10 Months

Myanmar’s Border Trade Hits $4b in 10 Months

Myanmar’s border trade hit $4.01 billion in the first 10 months of (April-January) in the current 2013-14 fiscal year, according to official figures.

Myanmar’s border trade is done through 14 points with four neighbouring countries – China, Thailand, Bangladesh and India.

Myanmar’s largest border trade point with China, Muse, accounted for $3.12 billion during the same period, accounting for more than 77 percent of the total border trade volume.

Lewjie, Chin Shwe Haw and Kanbiketee stand are the other trade points with China, while Tachileik, Myawady, Kawthaung, Myeik, Nabule, Htikhee and Mawtaung are with Thailand, Sittway and Maungtaw are with Bangladesh and Tamu and Reed border points are with India.

According to official statistics, as of September 2013, Myanmar’s foreign trade totalled $15.27 billion, of which export stood at $7.43 billion and import accounted for $7.84 billion.

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