Myanmar's export through border trade amounted to 666 million U.S. dollars in the first 11 months of 2008, an increase of 10 million dollars from the same period of 2007 which registered 656 million dollars, local media reported Wednesday, quoting the Ministry of Commerce.
The export volume was up due to increased export of agricultural produces and forest products which accounted for 355 million dollars and 75 million dollars respectively, the 7-Day News said.
However, the export of animal, marine and mineral products declined during the 11-month period, it added.
There are 13 border points where Myanmar is trading with four neighboring countries -- Thailand, China, India and Bangladesh.
According to other local report, Myanmar's foreign trade volume hit over 8.5 billion dollars in the first three quarters (April-December) of the 2008-09 fiscal year, up 21.95 percent from the same period of 2007-08 when it registered over 7 billion dollars.
Of the 8.5 billion dollars' foreign trade, 7.5 billion dollars were gained through normal trade, while over 1 billion dollars were obtained through border trade, up 24 percent and 8.32 percent respectively.
Of the three-quarter period's foreign trade, the exports amounted to over 4.5 billion dollars with normal trade and 500 million dollars with border trade, increasing by 14.3 percent and dropping by 2.88 percent respectively.
Of Myanmar's export items during the period, beans and pulses took over 900,000 tons in quantity, getting 500 million dollars, while rice accounted for 200,000 tons, earning 60 million dollars.
Under the current status, Myanmar is trading with over 80 countries and regions through normal trade with Thailand standing top as Myanmar's trading partner traditionally without change, followed by India.
As export to China and its special administrative region of Hong Kong reached over 700 million dollars, China as a whole is likely to take up the second position in Myanmar's exporting countries to replace India for the entire 2008-09 ending March, commerce officials predicted.
Currently, China is standing the 7th among the top-ten countries with which Myanmar is mainly trading.
Source: Xinhua
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