The border trade volume at Myawaddy border camp for this year is much lower than the same period of last year

Commodity flow through Myawady border town is getting quicker than the previous year but official trade volume is much lower than last year, according to sources from the Ministry of Commerce.

The export value through Myawady border trade camp from October 1 to April 12 this 2018-2019 fiscal year amounted to US$76.463 million exceeding US$24.783 million compared to the same period of last fiscal year.  

The import value amounted US$406.181 million decreasing by US$62.546 million compared to the same period of last year.

"This year we see more inflow of Thai trucks loaded with commodities than the previous year. But all will know why trade volume is still low," said an official from Myawady border trade camp.

Official trade volume is said to be low as merchants chose other routes rather than Myawady to avoid increased taxes.

Most agricultural products are reportedly exported to Thailand via illegal routes such as by motorboat crossing Thaungyin River. Moreover, maize and corns are going to China through Thailand.   

(Eleven Media Group: https://elevenmyanmar.com/news/myawady-border-trade-camp-sees-lower-official-trade-volume-this-year )

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