Bilateral trade with Bangladesh rises by $727 mln in current FY

Photo Hein Htet 2 0
Workers load goods into a vessel for export. Photo: Hein Htet

The border trade between Myanmar and Bangladesh hit US$748.36 million as of 21 August in the current financial year of 2019-2020, said a statistical report by the Ministry of Commerce. The border trade during the period had increased by $727 million, compared with that of the same period last year when the total bilateral border trade was only $21.03 million. Myanmar-Bangladesh total border trade during the period included Myanmar’s export of $444 million and its imports of $304 million.
Myanmar exports goods to Bangladesh through both maritime and land routes. Bilateral border trade is conducted mainly through 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, plastic, wood, knitwear and beverages.
Meanwhile, Myanmar’s border trade with four neighbouring countries—China, India, Thailand and Bangladesh totalled $9.56 billion, shared by $6.45 billion in export and $3.11 billion in import. —GNLM (Translated by Hay Mar)

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