China – Myanmar border trade declines

Mizzima

China-Myanmar border trade between 1 April and 10 May 2024 dropped by US$ 127.28 million compared to the same period last year.

This year overland trade with China was worth US$ 280.44 between 1 April and 10 May. Last year over the same period it was worth US$ 407.7 million, according to the junta’s Ministry of Commerce’s trade figures.

Breaking down those figures for each border post revealed the following from 1 April to 10 May:

Total trade at the Muse border crossing was US$ 140.216 million, of which US$ 138 million was exports and US$ 2.216 million was imports.

Total trade at the Kampaiti border crossing was US$ 67.66 million, of which, US$ 55.895 million was exports and US$ 11.765 million was imports.

Total trade at the Kengtung border crossing was US$ 71.27 million, of which, US$ 25.333 million was exports and US$ 45.946 million was imports.

Total trade at the Lweje border crossing was US$ $1.214 million, which was all imports. There were no exports from Lweje during this period.

Between 1 April and 10 May, no trade went through the Chinshwehaw border crossing.

Overland trade between Myanmar and countries other than China on its borders between 1 April and 10 May also fell by over $216 Million compared to the same period last year.

Myanmar has a trade deficit of between US$ 6 and US$ 12 billion a year.