The border trade between Myanmar and India hit US$193 million as of 23 July in the current financial year 2020-21 ending September, said a statistical report of Myanmar’ Commerce Ministry.
The border trade during the period increased by $109 million compared with the same period of the previous FY.
The Myanmar-India total border trade during the period was shared by Myanmar’s export of over $192 million and its import of $1.5 million.
Much of Myanmar-India cross-border trade is conducted via Thantlang and Reed camps in Chin state, and Tamu in Sagaing region while a major part of bilateral trade are delivered through ship.
Myanmar mainly exports to India fruits and vegetables, fishery and forestry products while importing from India the medicines, electronic products, motorbikes, cotton yarn, non-alloy steel and other construction materials.
India is one of Myanmar’s top trade partners. The two countries signed a bilateral border trade agreement in 1994.
Meanwhile, Myanmar’s border trade with four neighboring countries, China, India, Thailand and Bangladesh totalled $6.98 billion shared by $4.55 million in export and $2.43 million in import.—ACM/GNLM
Bilateral border value between Myanmar-India hit $ 193 mln
- August 12, 2021
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