Published on Monday, 15 July 2013 00:25
A scene of vehicles carrying exported rice via border area (Photo/EMG)
China-Myanmar main border trade center, Muse, has traded US$225 million of goods in June, 2013, according to sources.
The center mainly exported farm products such as rice, bean, corn and sesame.
Myanmar has exported 14886 tons of ehmeta (approximately US$6.65 million in value), 11537 tons of ngesein (approximately US$5.08 million in value) and 13922 tons of broken rice (approximately US$4.73 million in value). Myanmar has earned US$16.46 million in total from the exported rice.
Myanmar has also exported mung bean, corn, peanut and white sesame and earned US$46.78 million in total. More than half of exported earnings is earned from farm products export.
Myanmar mostly imported vehicles, machines, fertilizers and iron ores.
Muse border trade center is a main border trade center for Myanmar and China and has traded more than US$2.7 billion last year alone. Myanmar has many illegal trading with China also.
Mobile teams have arrested and seized 650 million kyats value of timber, handsets, electrical appliances and beer from illegal traders between May 9 and June 12 along the Myanmar and China border.
Business Latest News
- South Africa interests to invest in Myanmar
- Japan, South Korea propose to import transit buses
- Cambodian private bank has eyes on Myanmar
- FMI launches Ks 25-billion rights issue to finance projects including Thilawa SEZ
- Dawei SEZ impeded as Italian-Thai incapable to finance alone
- Myanmar allows more Asian firms to produce wood products and foodstuff
- Daiwa to help AGD bank’s transformation as public company
- Digicel, Ooredoo sign Myanmar deal to construct telecommunications towers
- New floating hotel to be opened next month
- Thilawa SEZ’s progress will determine Japanese investments — Japanese minister