Myanmar-India border trade surges this FY

Border trade between Myanmar and India hit US$155 million as of 2 April in the current financial year 2020-21 ending September, said a statistical report of Myanmar’s Ministry of Commerce.
The border trade during the period increased by $78.8 million compared with the same period of the previous fiscal year.
Myanmar-India total border trade was shared by Myanmar’s export of $154 million and its import of $0.7 million.
Some of the border trade zones between Myanmar and India closed the border in March 2020 due to COVID-19, including the crossing between Tamu township and the Indian town of Moreh.
However, the border trade resumed on 6 January as COVID-19 infections in the area have declined.
Most India-Myanmar border trade passes through the Tamu crossing and the Reed crossing in Chin State.
In contrast, a significant part of the bilateral trade is delivered through ships.
According to the Ministry of Commerce, the total trade volume from Tamu border trading post in FY 2020-2021 was $31.15 million, with exports valued at $30.76 million and importing $0.39 million.
Total trade volume via the Reed border trade post in the same period was $124 million, with exports valued at $123.66 million and import of $0.34 million.
Myanmar mainly exports to India fruits and vegetables, marine and forestry products while importing from India the medicines, electronic products, motorbikes, cotton yarn, non-alloy steel and other construction materials. — ACM/GNLM

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