Myanmar-India border trade up by $84 mln this FY

Border trade between Myanmar and India hit US$160 million as of 16 April in the current financial year 2020-2021 ending September, said a statistical report of the Ministry of Commerce.
The figures reflected an increase of $84.62 million as against a year-ago period.
The Myanmar-India total border trade during the period was shared by Myanmar’s export of $160.086 million and its import of $0.811 million.
Myanmar conducts border trade with neighbouring India through Tamu, Reed, and Thantlang border posts.
Between 1 October and 16 April in the current budget year, trade values have registered at over $31.46 million at Tamu and $129.44 million at Reed. There was no trade recorded at the Thantlang post.
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