Myanmar-Bangladesh border trade rises by $296.5 mln


The value of bilateral border trade between Myanmar and Bangladesh stood at US$307.34 million as of 3 April in the current fiscal year (FY) 2019-2020, an increase by $296.5 million from the corresponding period last FY, the according to the Ministry of Commerce.
In this fiscal, Myanmar has exported goods worth US$22.439 million to Bangladesh and imported goods worth over US$284.9 million. Compared with last FY, border exports between the two countries increased to US$11.85 million in the current FY whereas border import was worth US$284.637 million.
In bilateral border trade, goods are delivered mainly through two land borders — Sittway and Maungtaw. Between 1 October and 3 April of this FY, trade via Sittway crossing was pegged at US$297.78 million, with 12.94 million in exports and 284.86 million in imports, whereas trade via Maungtaw crossing reached US$9.55 million with 9.5 million in export and 0.04 million in import.
Marketable goods at Myanmar-Bangladesh borders contain bamboos, 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.
Myanmar has announced restrictions on border crossing through Myanmar-Bangladesh border checkpoints starting from April 14 to prevent the spread of Covid-19 (coronavirus) outbreak, according to the President’s Office.
Additionally, Myanmar has already curbed the border crossing through the land and waterway borders with its neighbouring countries such as China, India, Thailand and Laos. The borders remain open only for the smooth flow of trade, stated the announcement by the President’s Office. —Zwe (Translated by Hay Mar)

Share this post
Hot News
Hot News