Myanmar-India border trade up by $110 mln as of 9 July

The value of border trade between Myanmar and India amounted to US$193 million between 1 October and 9 July of the current financial year 2020-21 amid the closure of border posts by India.
The border trade during the period increased by $110 million compared with the same period of the previous budget year.
The Myanmar-India total border trade during the period was shared by Myanmar’s export of $ 191.89 million and its import of $1.52 million.
Most India-Myanmar border trade passes through the Tamu crossing, and the Reed crossing in Chin State is the second busiest. Officials will enforce the health rules and regulations when the border trades are running as usual.
Between 1 October and 9 July in the current budget year, trade volume via the Tamu border gate totalled over $32.6 million, with exports valued at $31.73 million and imports $0.88 million.
In the same period, the total trade volume via the Reed border trading post stood at $160.8 million, with exports valued at $160.2 million and imports $0.64 million.
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. — ACM/GNLM