Myanmar-India border trade declines this FY

LOCAL NEWS

Border trade between Myanmar and India, as of 21 February in the current fiscal year 2019-2020, reached US$ 60.44 million, a decrease in value by $12.101 million over the same period last year, according to a report released by the Ministry of Commerce.
The Myanmar-India total border trade during the period was made up of Myanmar’s exports of $58.49 million and imports of $1.95 million. During the same period last year, India-Myanmar bilateral trade was $72.541 million.
The two countries carry out border trade mainly through the Tamu, Reed Thantlang and Kenglap cross-border trade camps, while a major portion of bilateral trade is delivered through ships.
Myanmar mainly exports to India fruits and vegetables, fishery and forestry products, while importing from India medicines, electronic products, motorbikes, cotton yarn, non-alloy steel and other construction materials.
Meanwhile, Myanmar’s border trade with four neighboring countries, China, India, Thailand and Bangladesh, totalled $ 4.198 billion, shared by $2.72 billion in exports and $1.5 billion in imports.—Zwe  (Translated by Hay Mar)

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