Myanmar-Bangladesh border trade hits $12.7 mln this mini-budget year

The bilateral border trade between Myanmar and Bangladesh stood at US$12.7 million as of 14 January in the mini-budget year of 2021-2022, according to the Ministry of Commerce.
Myanmar-Bangladesh total border trade included Myanmar’s exports of $12.64 million and its imports of $0.07 million.
According to statistics, the border trade during this period has seen a drop, decreasing by $47.6 million, compared with that of the same period last year when the total bilateral border trade was $60.304 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.
In the early period of bilateral border trade, trade through the Sittway border crossing totalled $7.26 million, with $7.24 million in exports and $0.02 million in imports, while trade at the Maungtaw border exceeded $5.44 million, including $5.39 million in exports and $0.04 million in imports. 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