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Myanmar-Bangladesh border trade decreases $16 mln this FY

LOCAL NEWS

The bilateral border trade stood at over US$35 million as of 30 July in the current 2020-21 financial year which saw a slight decrease of $16 million, from the corresponding period of last year, according to the Ministry of Commerce’s trade report.
The Myanmar-Bangladesh total border trade during the period included Myanmar’s export of $16.98 million and its imports of $18.4 million.
At corresponding time last FY, the Myanmar-Bangladesh trade through border gates was touched at $51 million, with exports worth $26.5 million and imports amounting to $24.89 million.
When compared with last FY, this FY saw a decrease in value of exports by $9.5 million and the bilateral imports dropped by nearly $6.47 million.
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, plastic, wood, knitwear and beverages, according to the Ministry.—ACM/GNLM

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