Myanmar-Bangladesh bilateral trade drops by $2.39 mln this FY

Trade between Myanmar and Bangladesh as of 22 October in the mini-budget year of 2021-2022 or transition period from October to March this year has secured US$ 1.2 million, down $2.39 million from the same period last year, according to the monthly data issued by the Ministry of Commerce.
Between 1 October and 29 October of this transition period, Myanmar- Bangladesh trade through border checkpoints was touched at $1.21 million, with exports worth $1.19 million and imports amounting to $0.01 million.
Compared with the same period last year, the value of exports between the two countries increased by $1.19 million, while imports declined by $ 3.58 million. For the same period last year, the total trade between the two countries was valued at $3.59 million, with $3.59 million in imports.
Myanmar exports goods to Bangladesh through both maritime and land routes. Bilateral border trade is mainly conducted 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. — ACM/GNLM