Individuals' border trade totals nearly 40 mln USD in Myanmar in FY 2018-19

Source: Xinhua| 2019-10-15 19:29:51|Editor: xuxin
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YANGON, Oct. 15 (Xinhua) -- Myanmar's border trade using Individual Trading Cards (ITCs) totaled over 59 billion kyats (39.3 million U.S. dollars) in the fiscal year 2018-2019 which ended in September, according to figures from the Commerce Ministry on Tuesday.

During the period, 163 ITCs were permitted by the ministry and its export value through border gates amounted to over 9.38 billion kyats (6.25 million U.S. dollars) while import value was 49.6 billion kyats (33.1 million U.S. dollars).

From Oct. 1, 2018 to Sept. 30, 2019, Myawady border gate registered the highest trade using the ITCs with capital of 32 billion kyats (21.3 million U.S. dollars).

Since FY 2012-2013, the ministry issued 1,687 ITCs and its total trade value amounted to over 169.2 billion kyats (112.8 million U.S. dollars), the ministry's figures showed.

The country is conducting border trade with China, Thailand, Bangladesh and India.

Myanmar mainly exports agricultural products, animal products, fisheries, minerals and forest products to foreign countries while capital goods, intermediate goods and consumer goods are imported into the country.