THE Myanmar-Thailand border trade has increased by US$107 million and stands at $554 million as of 19 November in the mini-budget year of 2021 or transition period from October to March according to the Ministry of Commerce.
During this mini-budget period, exports made up $331 million, down $9.29 million with imports worth $222.98 million, up to $116.6 million.
Some border checkpoints are temporarily restricted during the pandemic period. There are seven land borders between Myanmar and Thailand – Tachilek, Myawady, Kawthoung, Hteekhee, Myeik, Mawtaung and Meisei. Except for Myeik and Myawady, the remaining border checkpoints showed an increase in trading this mini-budget year.
Among those trade camps along the Myanmar-Thailand border, the Myawady-Mae Sot route is the most important, carrying about 70 per cent of trade between the two countries.
As of 19 November of this mini-budget year, the Myawady land border topped with $337 million of bilateral trade.
Myanmar primarily exports agriculture and livestock products, natural gas, beans, and bamboo shoots to Thailand. It imports non-alcoholic beverages, fabric and yarn, motorcycles and related parts, construction materials and food products.
Thailand is Myanmar’s second-largest trade partner and third-largest foreign investor.