Myanmar earned US$1.2 billion more from border trade within nine months of this fiscal year compared with the same period in last fiscal year despite lowered trade t the Muse border trade center, according to statistics from the Ministry of Commerce.
Myanmar earned over US$8 billion from border trade within nine months from October 1 to June 28 in 2018-19 FY and it earned over US$6.730 billion from border trade in the same period.
The export value was reduced over US$850 million from Muse border trade center within nine month of this fiscal year while the import value rose by over US$68 million from Muse border trade center. Myanmar earned US$3.8 billion from Muse border trade center within nine months of this fiscal year and it is less than over US$780 million compared with the same period in last fiscal year, according to the ministry.
However, Myanmar earned over US$1.824 billion more from exports from Nabule/Htikhi border trade center in the same period in this fiscal year and over US$25 million more from imports in the same period, according to the ministry.
Myanmar earned US$1.97 billion from Nabule/Htikhi border trade center in the same period in this fiscal year and it is US$1.849 billion more in compared with the same period in last fiscal year.
Total amount earned from border trade this fiscal year is increased by US$1.274 compared with the same period in last fiscal year.
Myanmar has 17 border trade centers: Muse, Lweje, Chinshwehaw, Kanpikete, Kengtung, Techilek, Myawady, Kawthoung, Myeik, Nabule/Htikhi, Mawtaung, Maese, Sittwe, Maungdaw, Tamu, Reik, Htantalan.
“We are promoting both quality and quantities of the export products to enhance trade and will import more products that can provide assistance for long term economic development,” said Dr Than Myint, Minister for Commerce.
