22 December
Border trade between Myanmar and Bangladesh reached US$9.88 million, as of 13 December in the fiscal year 2019-20, according to a report from Myanmar’s Ministry of Commerce.
Border trade during the period increased by $5.73 million, compared with the same period in the previous fiscal year. In the same period last year, total trade between the two countries was valued at $4.16 million, with $4.07 million in exports and $0.08 million in imports.
Myanmar- Bangladesh total border trade during the period included Myanmar’s exports of $9.84 million and its imports of $0.04 million.
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, plastics, wood, knitwear, and beverages.
Additionally, Myanmar’s border trade with four neighboring countries, including China, India, Thailand and Bangladesh, totalled $2.27 billion, made up of $1.62 billion in exports and $643 million in imports.—Zwe (Translated by Hay Mar)
