Myanmar-India border trade up by $111.94 mln as of 2 July

File photo shows Myanmar India friendship bridge between Myanmar and India. Photo IPRD NS
File photo shows Myanmar - India friendship bridge between Myanmar and India. Photo IPRD

The value of border trade between Myanmar and India climbed up to US$193.2 million between 1 October and 2 July of the current financial year 2020-2021 although India stepped up the border security. The figures reflected an increase of $111.94 million as against a-year ago period.
India tightened the border control in wake of the coronavirus pandemic, and the traders suffered the negative impact of the outbreak. The cross-border trade between Myanmar and India has become sluggish.
Myanmar conducts border trade with neighboring India through Tamu, Reed, and Thantlang border posts.
Over the past nine months, trade values were registered at over $32.39 million via Tamu border and $160.8 million via Reed. There was no trade recorded at the Thantlang post.
Myanmar conveys mung beans, pigeon peas, green grams, areca nuts, ginger, saffron, turmeric, bay leaves, fishery products, fruits, and vegetables to India, while it imports pharmaceuticals, oil cakes, electronic appliances, motorbikes, steel and other construction machines and building materials from the neighboring country.—KK/GNLM

Share this post
Hot News
Hot News
23 September 2021
Start preparations to harvest short-term species of monsoon paddy
Myanmar to play Singapore in ASEAN Suzuki Cup opener
Myanmar ships over 2.2 mln tonnes of corn to international trade partners this FY
Muse border trade down by 24% as of 10 Sept
Myanmar’s bilateral trade with Germany reaches $460 mln in past ten months
16 acres of avocado cultivation completed in Naga area this year
Pansodan-Dala ferries increase service routes for convenience of passengers
Over 600 acres of coffee cultivated in Sagaing Region
Extremists arrested for explosive actions in Hline Township, Yangon Region