Myanmar's trade volume becomes nearly US$20 billion
Till third week of December, Myanmar's trade volume has become nearly US$20 billion - the amount that needs over five more billion dollars to meet the estimated trade volume, according to the Ministry of Commerce.
From April 1 to December 19 of 2014-2015 FY, trade volume of Myanmar was US$19908.387 million (nearly US$20 billion) while the estimated volume of this FY is US$25.7 billion. During this period, average trade volume of a month was over US$2.2 billion and if this goes on, trade volume of this FY might exceed the estimated volume, according to the Ministry of Commerce.
Foreign trade of Myanmar is done through sea routes as well as border trade routes. Although more imports to Myanmar than exports from Myanmar is seen in sea route trade, more exports from Myanmar is seen in border trade.
Illegal trade prevention tasks have been done in both sea routes and border routes for the development of trade volume.
Individual Trading Cards are given out at border trade zones for individual trading and reduction of illegal trade. Current operating border trade zones are Muse, Lweje, Chinshwehaw and Kanpitetee in Myanmar-China border, Myawady, Techileik, Kawthaung, Myeik, Kungtung, Mawtaung and Nabulal/Hteekhee in Myanmar-Thai border, Sittwe and Maungtaw in Myanmar-Bangladesh border and Tamu and Reed in Myanmar-India borders.
Myanmar foreign export infrastructure relies on some main produce like: natural resources, natural gas, teak, agricultural and aquatic products.
