Myanmar-India border trade growths by $84.6 mln this FY

The value of border trade between Myanmar and India soared to US$160 million between 1 October and 16 April period of the current financial year, an increase of $84.6 million, according to the statistics report of the Ministry of Commerce.
The Myanmar-India total border trade was shared by Myanmar’s export of $ 160 million and its import of $0.8 million.
During the same period last year, India-Myanmar bilateral trade was $76.28 million in total. The country conducts border trade with neighbouring India through Tamu, Reed and Thantlang border trade camps. In contrast, a significant part of bilateral trade is delivered through ships.
During almost seven months of this FY, the trade value was registered at over $ 31.5 million via Tamu border and $129.4 million via Reed. But, there was no recorded trading at the Thantlang camp.
Myanmar exports mung beans, pigeon peas, green grams, areca nuts, ginger, saffron, turmeric, bay leaves, fishery products, fruits, and vegetables to India. At the same time, it imports pharmaceuticals, oil cakes, electronic appliances, motorbikes, steel and other construction machines and building materials from the neighbouring country.
India is one of Myanmar’s top trading partners. The two countries inked a bilateral border trade agreement in 1994. — ACM/GLNM