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November 19, 2019

Myanmar-Bangladesh border trade hit $19.8 mln in ten months

Workers carrying bags of rice onto the boat for a consignment in Sittway. Photo :  Aung Ye Thwin
Workers carrying bags of rice onto the boat for a consignment in Sittway. Photo : Aung Ye Thwin

Bilateral border trade stood at over US$19.8 million, as of 2 August in the current 2018-2019 fiscal year, which saw a significant decrease of $ 55.8 million from the corresponding period last year, according to the Ministry of Commerce.
At this time last FY, Myanmar-Bangladesh trade through border gates was $75.6 million, with exports worth $25.7 million and imports amounting to $49.9 million.
Between 1 October and 2 August, Myanmar exported $18.5 million worth of domestic products to Bangladesh, and imported goods valued at over $1.28 million from Bangladesh. Border trade between the two countries is conducted through the Sittway and Maungtaw cross-border trade camps
In ten months, trade through the Sittway gate totalled $12.1 million, with $10.87 million in exports and $1.23 million in imports, while trade at the Maungtaw gate exceeded $7.71 million, including $7.65 million in exports and $1.05 million in imports.
The products traded between the two countries include bamboos, ginger, peanuts, saltwater prawns and fish, dried plums, garlic, rice, mung beans, blankets, candy, plum jam, footwear, frozen foods, chemicals, leather, jute products, tobacco, plastics, wood, knitwear, and beverages.
According to the ministry’s annual statistical data, total border trade with Bangladesh was over $29 million in the 2017-2018 FY. According to the annual statistical report of the ministry, the bilateral border trade was $3.83 million in 2012-2013 FY, $22.8 million in 2013-2014 FY, $14.3 million in 2014-2015 FY, $11.5 million in 2015-2016 FY, and $1.6 million in 2016-2017 FY.—Zwe (Translated by Hay Mar)

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