Myanmar's border trade hits over 1.8 bln USD in five months
Myanmar's border trade hits over 1.8 bln USD in five months
Myanmar's border trade hit 1.881 billion U.S. dollars in the first five months (April-August) of the fiscal year 2013-14, 391 million dollars more than the same period of the previous year , local media reported Sunday.
Of the total, export amounted to 1.171 billion U.S. dollars while the import represented 710 million dollars, enjoying a trade surplus of 461 million dollars.
Myanmar's border trade is done through 15 points with four neighboring countries, namely China, Thailand, Bangladesh and India.
Myanmar's largest border trade point lies in Muse with China, followed by Myawaddy with Thailand.
Lewjie, Chin Shwe Haw and Kanbiketee stand as other trade points with China, while Kaw Thaung and Myeik with Thailand, Nabule, Htee Ki, Sittway and Maungtaw with Bangladesh and Tamu and Reed with India.
In order to crack down on illegal border trade and raise the legal trade volume, Myanmar is sending mobile teams to supervise the trading activities and issuing Individual Traders Card to facilitate traders in carrying out their activities.
According to official statistics, in the fiscal year 2012-13, Myanmar's foreign trade totalled 18.421 billion U.S. dollars up over 250 million dollars or 1.4 percent compared with 18.17 billion U.S. dollars in the previous fiscal year.
Of the total, the export took 9.08 billion U.S. dollars, while the import represented 9.341 U.S. billion dollars.
The export items include natural gas, jade, beans and pulses, rice, fish, rubber and teak, while import items include oil and gas, auto spare parts, iron and steel, palm oil, pharmaceutical products, plastics, fertilizer, cement and electronic equipment.
xinhuanet
