Myanmar-Bangladesh trade up $289 mln

LOCAL NEWS

The value of border trade between Myanmar and Bangladesh, as of 6 March in the 2019-2020FY, reached US$298.3 million, an increase of $289.18 million compared with the same period in the previous fiscal, according to monthly data issued by the Ministry of Commerce.
Compared with the 2018-2019FY, border exports between the two countries increased to $10.732 million in the current fiscal, whereas border imports were valued at $278.445 million.This FY, Myanmar exported goods worth $19.62 million to Bangladesh and imported goods valued at over $278.7 million.
Border trade between the two countries is conducted through the Sittway and Maungtaw camps. Between 1 October and 6 March in the current FY, trade through the Maungtaw gate reached $8.004 million, while trade at the Sittway border checkpoint was valued at $290.311 million.
Goods traded at the Myanmar-Bangladesh border include 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.
According to the ministry’s annual statistical data, Myanmar’s total border trade with Bangladesh exceeded $23.2 million in the 2018-2019FY. The bilateral border trade was pegged at $263 million in the 2018 mini budget period, $29 million in the 2017-2018FY, $10.6 million in the 2016-2017FY, $11.5 million in the 2015-2016FY, $14.3 million in the 2014-2015FY, $22.8 million in the 2013-2014FY, and $3.83 million in the 2012-2013FY. —Zwe (Translated by Hay Mar)

Share this post
Hot News
Hot News