Posts in category: TRADING

The automobile trade has been slow, and prices have fallen about 20 per cent depending on the type, said Myanmar Automobile Assembler and Distributor Association’s general secretary U Kyaw Swa Tun Myint.
Depending on the exchange rate, some new cars have been traded at lower prices, and medium-grade and old car prices have declined as well, he said.
“At present, prices have declined about 10-20 per cent. It is up to the exchange rate overall. New automobile prices will need to drop to some extent when the exchange rate falls. Because prices were raised when the exchange rate rocketed,” he said.
Automobile prices started declining in August and continued to decline in September and October, and the trade has slowed.
“It doesn’t mean the trade stops completely. People who need cars buy. The trade has slowed down fairly. Cars worth between K50 million and K100 million are being traded now,” he added.
Currently, some vehicles whose prices were raised have been traded at lower prices, and prices are likely to decrease further. He said the auto trade would return to normal over the following months.

Source: The Global New Light of Myanmar

The grand trading value of the eight listed companies on the Yangon Stock Exchange (YSX) dropped to K920.7 million with 382,286 shares traded in September from a record high of K3.35 billion with over one million shares in August 2024, according to the monthly report released by the exchange.
The equity market registered trading values of K1 billion with 425,102 shares in January 2024, K693 million with 253,178 million in February, K1.34 billion with 560,687 shares in March, K473 million with 177,812 shares in April, and K1.55 billion with 603,906 shares in May respectively. The trading value hit a record high of K1.7 billion, with 593,392 shares traded in June. Then, the value fell sharply to K974 million, with 321,007 shares traded in July.
The trading value in September is K2.43 billion lower than that of August.
At present, shares of eight listed companies — First Myanmar Investment (FMI), Myanmar Thilawa SEZ Holdings (MTSH), Myanmar Citizens Bank (MCB), First Private Bank (FPB), TMH Telecom Public Co Ltd (TMH), the Ever Flow River Group Public Co Ltd (EFR), Amata Holding Public Co Ltd. (AMATA) and Myanmar Agro Exchange Public Co Ltd (MAEX) are traded in the security market.
FPB topped the trading with 255,623 shares worth K466 million, followed by 71,883 shares of MTSH worth over K247 million, 10,092 shares of FMI worth over K89 million, 16,205 shares of MAEX worth over K54 million, 20,235 shares of EFR worth K34.5 million, 5,850 shares of TMH worth over K16 million, 1,891 shares of AMATA worth K8.5 million and 507 shares of MCB worth K4.48 million respectively last month.

Source: The Global New Light of Myanmar

THE Trade Department notified on 9 August that the Central Bank of Myanmar eased foreign currency
conversion rules for exporters. It encouraged the exporters to repatriate foreign currency earnings within the specified period in line with the directives of CBM. The CBM’s Notification 37/2024, dated 7 August, stated that only 25 per cent of export earnings must be converted into kyat at the rate as per its Notification 12/2022.

Additionally, the CBM allows exporters to repatriate earnings until 30 November 2024 with a 25 per cent ratio (in which they can keep 75 per cent of foreign income) from export declarations made between 3 April 2022 and 7 August 2024. Unless they fail to do so within the given time, they cannot enjoy 25 per cent and must act according to the previous set percentage for the respective years. Furthermore, they might face licence revocation or legal action under Myanmar Companies Law or Foreign Exchange Management Law, according to the CBM’s notification dated 8 August 2024.

Source: The Global New Light of Myanmar

Myanmar’s Kawthoung border with Thailand reached over US$28.48 million as of 22 July this month, the Ministry of Commerce stated.
Fisheries exports in Kawthoung are operating with a free-on-board (FOB) system. There is always a trade surplus at the Kawthoung border. The main export items are various fish, shrimp, squid, crab, anchovy and oil palm.
The border was set to achieve a trade target of US$20 million for July, and actual trade value has already surpassed the trade target.
The Ministry of Commerce has been prioritizing trade promotion. Thailand grants zero tariffs for maize imports between 1 February and 31 August yearly. Myanmar conveys maize directly from Yangon Port to Ranong Port. Some are exported through the Kawthoung border as well.
Myanmar sent 87,748 tonnes of maize worth $20.622 million to Ranong via Kawthoung border as of 22 July.
Kyat-baht trade settlement is also operational in the Kawthoung border with authorized dealers (A Bank, MEB, KBZ and AYA).
The Kawthoung border performed the fourth-largest trade between Myanmar and Thailand, according to the Ministry of Commerce’s statistics.

Source: The Global New Light of Myanmar

Myanmar’s Kawthoung border with Thailand aimed to achieve a trade target of US$20 million for July, and actual trade value as of mid-July has reached $18.8 million, performing over 94 per cent of the trade target.
Fisheries exports at Kawthoung are operating with a free-on-board system. There is always a trade surplus at the Kawthoung border. The main export items are various fish, shrimp, squid, crab, anchovy and oil palm.
The Ministry of Commerce has been prioritizing trade promotion. Thailand grants zero tariffs for maize imports between 1 February and 31 August yearly. Myanmar conveys maize directly from Yangon Port to Ranong Port. Some are exported through the Kawthoung border as well.
Myanmar sent 76,838.3 tonnes of maize to Ranong via the Kawthoung border, with an estimated value of $17.887 million.
Kyat-Thai baht trade settlement is also operational in the Kawthoung border with authorized dealers (A Bank, MEB, KBZ and AYA).
The Kawthoung border attained the fourth-largest trade value between Myanmar and Thailand, according to the Ministry of Commerce’s statistics.

Source: The Global New Light of Myanmar

Myanmar’s border trade with the neighbouring country Thailand was estimated at US$495 million as of 10 May of the current financial year 2024-2025.
The figures plunged from $829.6 million recorded in the year-ago period, indicating a sharp drop of $334.6 million.
Myanmar conducts cross-border trade with Thailand via the Tachilek, Myawady, Kawthoung, Myeik, Hteekhee and Mawtaung border. Of them, the Hteekhee border performed the most extensive trade worth over $316.54 million in the past two months.
Moreover, the trade values stood at $50.95 million at Myawady border post, $44.64 million at Tachilek, over $35.45 million at Myeik, $39.38 million at Kawthoung and over $8 million at Mawtaung.
Myanmar carries out border trade with neighbouring countries such as China, Thailand, Bangladesh, and India. It exports agricultural products, livestock products, fisheries, minerals, forest products, finished industrial goods, and other goods, while it brings in capital goods, intermediate goods, consumer goods, and raw materials from the CMP enterprises.

Source : The Global New Light of Myanmar

Seeking an import licence for the goods before arrival at the port is obligatory, and failure to do so is subject to a fine and sentence under the existing laws, as declared by the Trade Department under the Ministry of Commerce on 5 April.
In accordance with Chapter IV of the Export and Import Law, no person shall export or import restricted, prohibited and banned goods under Section 5. Without obtaining a permit, no one shall be allowed to export and import the specified goods that need to seek licences in accord with Section 6. A person who has obtained a permit or licence shall not break the licence conditions under Section 7.
According to Chapter V stating offences and penalties, whoever violates those prohibitions contained in Section 5 or Section 6 is convicted and shall be punished with imprisonment for a term not exceeding three years or with a fine or with both under Section 8. If a person holding any permit is found to violate prohibitions contained in Chapter VII, that one shall be punished with imprisonment for a term not exceeding three years or with a fine or with both under Section 9. Any person who attempts to commit or abet in the commission of any offences obtained in the law shall be punished, and exhibits will be confiscated under Section 10.
Thus, the Trade Department warned the exporters and importers of penalties for non-compliance with the Export and Import Law, directives and guidelines and informed them to seek licences first as pre-arrival documentation for all types of shipment by air, sea and land road. 

Source: The Global New Light of Myanmar

MYANMAR’s external trade with foreign partners reached over US$27.758 billion as of 1 March in the current financial year 2023-2024, beginning 1 April, according to the Ministry of Commerce.
Myanmar’s exports were worth over $13.378 billion, whereas the country’s imports were valued at $14.379 billion between 1 April 2023 and 1 March 2024.
Myanmar’s seaborne trade value crossed over $20.55 billion this FY, while border trade was valued at $7.207 billion.
The trade figure over the past 11 months shrank from $31.36 billion recorded in the corresponding period last FY, indicating a sharp drop of over $3.605 billion.
Myanmar exports agricultural products, animal products, minerals, forest products, and finished industrial goods, while it imports capital goods, intermediate goods, raw materials imported by the CMP enterprises and consumer goods.
Myanmar has been implementing the National Export Strategy (NES) 2020-2025 in order to bolster exports. The priority sectors of the NES comprise agricultural production, garment and apparel, industrial and electronic device, fishery business, forest product, digital manufacturing and service, logistic service, quality management, trade information service, innovation and entrepreneurship sectors.

Source: The Global New Light of Myanmar

The figures plunged from $4.99 billion year on year, showing a sharp drop of $857.145 million.

Myanmar’s border trade with the neighbouring country Thailand totalled US$4.136 billion in the past 11 months (April-March) of the current financial year 2023-2024.
The figures plunged from $4.99 billion recorded in the year-ago period, showing a sharp drop of $857.145 million.
Myanmar conducts cross-border trade with Thailand via Tachilek, Myawady, Kawthoung, Myeik, Hteekhee and Mawtaung. Of them, the Hteekhee border performed the most extensive trade worth $2.5 billion in the past 11 months.
Moreover, the trade values stood at $1.097 billion at the Myawady border, $150.597 million at Tachilek, $132.668 million at Myeik, $199.131 million at Kawthoung and $21.6 million at Mawtaung.
Myanmar conducts border trade with neighbouring countries such as China, Thailand, Bangladesh, and India. It exports agricultural produce, livestock products, fisheries, minerals, forest products, finished industrial goods, and other goods, while it brings in capital goods, intermediate goods, consumer goods, and raw materials from the CMP enterprises.

Source: The Global New Light of Myanmar

According to Daw Cho Thet Mu, the Deputy Director of the Trade Policy Division within the Trade Department under the Ministry of Commerce, the trade volume between Myanmar and Thailand reached US$4.06 billion via land borders during the period from April 2023 to February 2024 in the 2023-24 Financial Year.
Breaking down the figures, Myanmar exported goods worth $2.86 billion while importing $1.20 billion, resulting in a total trade value of $4.06 billion within the specified period.
Daw Cho Thet Mu stated, “For the Myanmar-Thai border trade from 1 April to 25 February of the 2023-24 FY, Myanmar exported goods worth $2.86 billion and imported goods worth $1.20 billion. Currently, the trade surplus stands at $1.66 billion for Myanmar”.
The main export products include CMP products, agricultural produce, and fishery products. On the other hand, Myanmar imports construction materials, equipment, machines and accessories, medicines, raw materials for factory use, fertilizers, foods, cosmetics, and electronic items from Thailand.
The Myanmar-Thai border trade posts encompass Myawady, Tachilek, Kawthoung, Myeik, Hteekhee, Mawtaung, and Maese.

Source: The Global New Light of Myanmar