Myanmar border trade exceeds US$ 700 million

Myanmar border trade exceeds US$ 700 million

Published on Thursday, 11 July 2013 22:57

Myawady border trade zone (Photo-Shwe Thein)

Border trade is booming according to Myanmar's Commerce and Consumers Affairs Department, with exports exceeding imports and total trade value this year estimated at US$760 million by mid-July.

Myanmar exports farm and animal products, fishery products, minerals, timber and electronics in exchange for industrial machinery, raw materials and consumer goods through numerous busy trading centres on its borders. Total exports amounted to US$385 million exceeding imports which reached US$373 million by mid July.

Myanmar has made over US$274 million from exporting farm products, over US$55 million from fishery products, over US$13 million in minerals, US$3 million from timber and US$23 million from other products.

Muse town on the Myanmar/China border is the busiest trading centre with total trade amount valued at US$500 million. Myawady trade centre on the Myanmar/Thai border is the second largest with trade estimated at US$70 million.

Source: http://www.news.myanmaronlinecentre.com/2013/07/12/myanmar-border-trade-exceeds-us-700-million/