THE bilateral trade between Myanmar and Bangladesh from 1 October to 25 September 2019-2020 financial year has jumped up to US$ 748.36 million, a dramatical increase of nearly $725 million from the same period of last year, according to the monthly data issued by the Ministry of Commerce.

Myanmar-Bangladesh total border trade during the period included Myanmar’s export of $444 million and its imports of $304 million. At this time last FY, Myanmar-Bangladesh trade through two borders hit $22.82 million, with exports worth $21.51 million and imports amounting to $1.31 million.

When compared with last FY, this FY saw a significant increase in the value of exports by $422.53 million while the bilateral imports rose by $303.01 million. Myanmar exports goods to Bangladesh through both maritime and land routes.

Bilateral border trade is conducted mainly through Sittway and Maungtaw points of entry.

Myanmar exports goods to Bangladesh through both maritime and land routes. Bilateral border trade is conducted mainly through the Sittway and Maungtaw points of entry.

The products traded between the two countries include bamboo, ginger, peanuts, saltwater prawns and fish, dried plums, garlic, rice, mung beans, blankets, candy, plum jams, footwear, frozen foods, chemicals, leather, jute products, tobacco, plastic, wood, knitwear and beverages. —Zwe

(Translated by Hay Mar)