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Bilateral trade with Bangladesh hits $32 mln this FY

LOCAL NEWS

Bilateral border trade stood at over US$32.89 million as of 25 June in the current 2020-21 financial year, which saw a decrease of $17.7 million from the corresponding period of last year, according to the Ministry of Commerce.
The border trade during the period has dropped by $17.7 million, compared with that of the same period last year when the total bilateral border trade was only $50.6 million.
The country’s exports to Bangladesh totalled $14.28 million, while its imports were $18.6 million.
Myanmar exports goods to Bangladesh through both maritime and land routes. Bilateral border trade is conducted mainly through the Sittway and Maungtaw points of entry.
The products traded between the two countries include bamboo, ginger, peanuts, saltwater prawns and fish, dried plums, garlic, rice, mung beans, blankets, candy, plum jams, footwear, frozen foods, chemicals, leather, jute products, tobacco, plastics, wood, knitwear, and beverages.
At present, Myanmar’s border trade with four neighbouring countries—China, India, Thailand and Bangladesh totalled $7.65 billion, shared by $4.98 billion in export and $2.66 billion in imports. — ACM/GNLM

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