Myanmar-India border trade up by $2.9 mln as of 27 Nov

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Myanmar mainly exports to India fruits and vegetables, fishery and forestry products. Photo: Supplied

The bilateral trade between Myanmar and India hit US$18.4 million as of 27 November in the current financial year 2020-2021 ending 30 September, said a statistical report of the Ministry of Commerce. The border trade during the period increased by $2.9 million compared to that of the same period last year. The Myanmar-India total border trade during the period was shared by Myanmar’s export of $18.3 million and its import of $0.07 million. The two countries carry out border trade mainly through Tamu, Reed, Thantlang cross-border trade camps while a significant part of bilateral trade is delivered through ships.
According to the Ministry of Commerce, the total trade volume from Tamu border trading post in the 2019-2020FY was $41.77 million with exports valued at $40.73 million and imports at $1.04 million. Total trade volume via the Reed border trade post in the same period was $50.88 million with exports valued at $48.86 million and imports at $2.03 million. 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 neighbouring countries—China, India, Thailand and Bangladesh—totalled $1.14 billion, shared by $714 million in exports and US$427 million in imports. — Zwe (Translated by Hay Mar)

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