20 Sep
Bilateral trade between Myanmar and India hit US$91.14 million as of 11 September in the current financial year 2019-2020 ending 30 September, said a statistical report of the Ministry of Commerce. The border trade during the period declined by $102.5 million compared to that of the same period last year. The Myanmar-India total border trade during the period was shared by the export of $88 million and its import of $3.1 million. During the same period last year, India-Myanmar bilateral trade was $193.7 million in total. The two countries use the Tamu, Reed and Kenglap border trade camps to deliver the goods commercially. According to the Ministry of Commerce, the total trade volume from Tamu border trading post in FY 2019-2020 was $40.5 million with exports valued at $39.5 million and import $1.03 million. Total trade volume via the Reed border trade post in the same period was $50.2 million with exports valued at $48.2 million and import $2.03 million.
Myanmar mainly exports to India the fruits and vegetables, fisheries and forestry products while importing from India the medicines, the electronic products, motorbikes, cotton yarn, non-alloy steel and other construction materials.
Zwe (Translated by Hay Mar)
