Myanmar’s border trade volume has reached USD 1.8 billion in the first five months of this fiscal year starting from April, a significant increase compared with the same period last year, according to a Xinhua report. The country saw the increase of USD 391 million in the volume of border trade, especially with China, India and Thailand. The trade surplus of the country has touched USD 461 million.
Myanmar has 15 border trade camps on the borders with China, India, Thailand and Bangladesh. Myanmar is cracking down illegal border trade with raids and surprise checks by mobile teams along the transportation route. Myanmar exports natural gas, jade, beans and pulses, rice, fish, rubber and teak through border trade camps and imports oil and gas, auto spare parts, iron and steel, palm oil, pharmaceutical products, plastics, fertilizer, cement and electronic equipment, according to Xinhua.
