Myanmar's total border trade using Individual Trading Cards (ITC) exceeded 8 billion kyats (over 6 million U.S. dollars) in three months of present fiscal year (FY) 2020-2021 which started in October last year, said figures released by the Ministry of Commerce on Monday.
As of Dec. 31 this FY, the ministry issued 17 individual trading cards and export using ICT cards through border gates earned over 1.6 billion kyats while its imports exceeded 6.4 billion kyats.
During the period, Myawady border gate recorded the highest ITC's trade with over 5.3 billion kyats.
The ministry has issued a total of 1,792 ITCs, registering its trade value of over 220 billion kyats so far since FY 2012-2013, the ministry's figures said.
Myanmar mainly exports agricultural products, animal products, marine products, minerals, forest products, manufacturing goods and others to foreign trade partner countries while capital goods, intermediate goods and consumer goods are imported into the country.
The country conducts border trade with neighboring China through Muse, Lweje, Kanpikete, Chinashwehaw and kengtung with Thailand via Tachilek, Myawady, Kawthoung, Myeik, Hteekhee, Mawtuang and Maese gates, with Bangladesh via Sittwe and Maungtaw and with India through Tamu and Reed border gates, respectively.