Ten days left before the end of 2018-2019 fiscal year, the total border trade value at border trade camps reached over 6866 million US dollars, down over 1,240 million US dollars, according to the Commerce Ministry.
From October 1 to September 20, 2017-2018 FY, the border trade value at Muse border trade camp amounted to 6057.786 million US dollars, 224.692 million US dollars at Lweje camp, 441.131 million at Chinshwehaw camp and 142.943 million US dollars at Kanpiketi camp.
From October 1 to September 20, 2018-2019 FY, the border trade value at Muse border trade camp hit 4668.146 million US dollars, 143.582 million US dollars at Lwalgwal camp, 518.383 million at Chinshwehaw camp and 292.735 million US dollars at Kanpiketi camp.
The border trade value at Muse camp declined by 1389.640 million US dollars and 81.110 million US dollars at Lwalgwal camp while the border trade value at Chinshwehaw camp increased by 77.252 million US dollars and 149.792 million US dollars at Kanpiketi camp, according to the Commerce Ministry.
Dr. Than Myint, Union Minister for Commerce said: “The average daily trading at Muse 105th mile and Chinshwehaw camps amounted to around six million US dollars before the fights. The border trading dropped to around 700,000 US dollars on 19 August from five million US dollars on August 15. It has a big impact on imports and exports. Before the fight, the daily border trading at Chinshwehaw camp amounted to 1.2 million to 1.3 million US dollars. It dropped to around 500,000 million US dollars on 15 August and over 300,000 million US dollars on 16 August. Till date since on 17 August, the border trade has stopped.”
