Htikhee border trade falls by $237.78 mln

Htikhee border trade falls by $237.78 mln

 

Bilateral trade between Thailand and Myanmar through the Htikhee border between 1 October and 20 March in the 2019-2020 financial years sharply fell to US$973.28 million from $1.2 billion registered in the year-ago period, according to the Commerce Ministry
data.

Over the five months period, exports through the Htikhee border stood at $959.16 million, while imports fell short of $14 million. Exports of natural gas from Taninthayi Region contributed to the enormous increase in trade through the Htikhee border in the 2018-2019 fiscal.

The Myawady border sees the largest trade among the Myanmar-Thailand checkpoints. The rise in exports through the Htikhee border boosted the value of the Myanmar-Thailand border trade in the 2018-2019FY. In the 2019-2020 fiscal, trade values at Htikhee border surpassed those registered at Myawady border.

Trade values stood at $$68.58 million at Tachilek gate, $589.34 at Myawady, $199 million at Kawthoung, $93.886 million at Myeik, $973.28 million at Htikhee, $12.6 million at Myawady and $2.53 million at Maesei respectively.

Myanmar primarily exports natural gas, fishery products, coal, tin concentrate (SN 71.58 per cent), coconut (fresh and dry), beans, and bamboo shoots to Thailand. It imports capital goods such as machinery, raw industrial goods such as cement and fertilizers, and consumer goods such as cosmetics and food products from the neighboring country.

Source: The Global New Light of Myanmar

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