Myanmar-India border trade up this FY

Border trade between Myanmar and India hit US$195 million as of 27 August in the current financial year 2020-2021 ending September, said a statistic report of Myanmar’s Commerce Ministry. The border trade during the period increased by $106 million compared with the same period of the previous financial year.
The Myanmar-India total border trade during the period was shared by Myanmar’s export of 193.8 million and its import of $1.57 million. The two countries carry out border trade mainly through Tamu, Reed and Thantlang cross-border trade camps, while a major part of bilateral trade is delivered through ships.
Myanmar mainly exports Indian fruits and vegetables, fishery and forestry products, while importing from India medicines, electronic products, motorbikes, cotton yarn, non-alloy steel and other construction materials.
Meanwhile, Myanmar’s border trade with four neighbouring countries – China, India, Thailand and Bangladesh—totalled $8.86 billion, shared by $5.83 billion in export and $3.03 billion in import. — ACM/GNLM