Min Thiha Zaw
The trade volume between Myanmar and China has reached more than US$5 billion between April and September during this fiscal year. Myanmar’s export volume is much less than its import one, a source un the export and import community said.
Myanmar-China trade volume reached $5,537.33 million – with export volume of $2,472.97 million and import volume of $3,064.36 million – from April to September during the 2017-2018 fiscal year.
Myanmar-China trade volume reached $10,496.45 million, with export volume of $4,764.95 million and import volume of $5,731.50 million during the previous year, 2016-2017.
Myanmar exported rice, fish, timber, beans, sesame, clothing, aquatic products, rubber, minerals and other goods to China. Myanmar preferred using border trade to marine routes in the export sector. Myanmar imported machines, machine parts, electrical devices, electronic gadgets, chemicals, fertilizers, medicines, dairy produces and other items from China. Myanmar prefers using marine routes for these.
Myanmar’s foreign trade volume reached $28,843.16 million during 2016-2017. Myanmar-China trade volume was $10,496.45 million, accounting for 36.39 per cent of the total foreign trade volume. The trade volume of Myanmar and China through marine routes was $4,507.84 million. The trade volume of Myanmar and China through ground border routes was $5,988.61 million.
To be able to carry out trade activities between Myanmar and China, border trade camps are open in Muse, Lwejel, Kanpaikte, Kengtung and Chinshwehaw on Myanmar’s side.
Myanmar-China trade volume reached $7,016.24 million in 2013-2014, $9,696.41 million in 2014-2015, and $10,992.04 million in 2015-2016.
Translated by Win Htut