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April 19, 2019

Border trade between Myanmar, Bangladesh decline

Workers load up a boat with bags of ginger at Maungtaw border trade camp. Photo : Hein Htet
Workers load up a boat with bags of ginger at Maungtaw border trade camp. Photo : Hein Htet

Border trade value between Myanmar and Bangladesh, as of 15 March, reached US$ 16.12 million, which showed a decrease of $ 1.9 million, compared with the same period last year, according to statistics provided by the Ministry of
Commerce.
Border trade between the two countries is conducted through the Sittway and Maungtaw cross-border camps. From 1st October to 15th March, trade through the Maungtaw gate reached $ 13.12 million, while trade from the Sittway border point was valued $ 4 million.
Commodities are delivered principally through by sea. During normal times, 90 per cent of border trade is made by the Myanmar side, which exports fisheries products including dried fish as well as other goods to the South Asian nations, which exports kitchen wares and clothing items to Myanmar.
Marketable items at the Myanmar-Bangladesh cross-borders cover bamboos, 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, beverages and human hair.
The total border trade of Myanmar with her four neighboring countries reached $ 4.46 billion in the 2018-2019 fiscal year.—Zwe (Translated by Hay Mar)

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