Individuals' border trade reaches nearly 37 mln USD in Myanmar

Description: 

"Total trade using Individual Trading Cards (ITCs) through border gates reached over 55 billion kyats (36.7 million U.S. dollars) as of August in present fiscal year 2018-2019, according to the figures released by the Commerce Ministry on Thursday. From Oct.1, 2018 to Aug. 31 this year, Myanmar's export using ITCs via border checkpoints amounted over 8.7 billion kyats (5.8 million U.S. dollars) while its import shared 46.4 billion kyats (30.9 million U.S. dollars). The country is conducting border trade with neighbouring China, Thailand, Bangladesh and India. So far, a total of 1,681 ITCs have been issued by the Commerce Ministry since FY 2012-2013, amounting the trade value of over 165.3 billion kyats (110.3 million U.S. dollars). Myanmar's agricultural products, animal products, fisheries, minerals and forest products are mainly exported to foreign countries while capital goods, intermediate goods and consumer goods are imported into the country..."

Creator/author: 

Shi Yinglun

Source/publisher: 

"Xinhua"

Date of Publication: 

2019-09-19

Date of entry: 

2019-09-20

Grouping: 

  • Individual Documents

Category: 

Countries: 

Myanmar, China, Thailand, Bangladesh, India

Language: 

English

Resource Type: 

text

Text quality: 

    • Good