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Myanmar’s border trade reaches over 7.8 bln USD in first 9 months of FY 2019-20

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Myanmar’s trade with foreign countries through border gates reached over 7.8 billion U.S. dollars as of June 12 in present fiscal year (FY) 2019-2020 which started in October, according to figures released by the Commerce Ministry on Wednesday.

During the period, the country’s export via border gates amounted to 5.42 billion U.S. dollars while its import shared 2.44 billion U.S. dollars.

This fiscal year’s border trade increased by over 236 million U.S. dollars, compared to the same period of last fiscal year 2018-2019 when it amounted to 7.63 billion U.S. dollars, the ministry’s figures said.

Muse topped the list of border checkpoints with the most trade value of 3.44 billion U.S. dollars, followed by Heekhee with 1.43 billion U.S. dollars.

The country conducts border trade with neighboring China through Muse, Lweje, Kanpikete, Chinashwehaw and kengtung with Thailand via Tachilek, Myawady, Kawthoung, Myeik, Hteekhee, Mawtuang and Maese gates, with Bangladesh via Sittwe and Maungtaw and with India through Tamu and Reed border gates, respectively.

From Oct. 1, 2019 to June 12 of this FY, the country’s foreign trade totaled over 26.4 billion U.S. dollars while its sea trade valued 18.6 billion U.S. dollars, according to the ministry.

Myanmar mainly exports agricultural products, animal products, marine products, minerals, forest products, manufacturing goods and others while capital goods, intermediate goods and consumer goods are imported to the country.

Source: Xinhuanet

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