Myanmar’s cross-border trade volume exceeded US $ 1.575 billion in the three months from October 1 to December 31, 2021, down US $ 1.063 billion from the same period last year.
Border trade reached more than $ 2.638 billion in the same period last year, according to regular trade figures released by the Ministry of Economy and Trade.
The lack of regular operation of the Muse border trade point, a key border trade point, has significantly reduced the volume of cross-border trade.
The Muse trade route traded $ 1.382 billion in the first three months of last fiscal year, down from just over $ 320 billion in the first three months of the current mini-budget.
Similarly, the remaining Sino-Burmese border crossings are declining in volume. With the exception of Thai-Burmese trade, cross-border trade with neighboring countries is declining.
Burma-Bangladesh border trade exceeds US $ 1.5 million; Burma-India border trade has declined by more than US $ 60 million, while Myanmar-Thailand border trade has increased by more than 404 million US dollars over the same period.
Overall cross-border trade fell by more than US $ 1.063 billion in three months.