Export revenue from Muse border trade drops

Export revenue from Muse border trade drops

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Myanmar recently launched its updated National Export Strategy for 2020-2025. The Ministry of Commerce will be adding fruits and vegetables, gems and jewellery, handicrafts, processed food products and digital businesses as potential export sectors.

 Muse-China border trade, which is one of the biggest overland trading routes in Myanmar, has declined this year. Chinese imports decreased about US$ 600 million to just over $3 billion, according to the Ministry of Commerce.

Exports to China via Muse were just under US $2 billion, whilst imports represent half that volume at US$ 1.04 billion.  Both of these figures are down from last year, with the export number sitting at US$ 2.6 billion and imports at US$ 0.98 billion.

Source: Myanmar Times

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