Total border trade volume is reached to about US$4 billion from October 1 to February 7 in this fiscal year and it is more US$580 million in compared with the same period in last fiscal year, according to Ministry of Commerce.
Myanmar earned US$1.918 billion from Muse border trade center, which is mainly traded with China and it is more US$230 million in compared with the same period in last fiscal year.
The border trade camps in Myanmar are Muse, Lwejel, Chinshwehaw, Kanpikete, Kengtung, Tachilek, Myawady, Kawthoung, Myeik, Nabulel/Htikhee, Mawtaung, Mesel, Sittwe, Maungdaw, Tamu, Reik, Htantalan and Kyainglek.
Myanmar is expecting to earn US$34 billion from the trade sector in 2019-20 FY and US$18 billion from the export sector, said Dr Than Myint, Union Minister for Commerce in an interview with media in Myanmar Entrepreneurship Summit 2019 held at Fortune Plaza on November 16.
"To boost trade, we need to improve both quantity and quality. In import sector, we need to import more capital goods that can generate sustainable economy,” he said.
