Myanmar exported goods worth US$2.749 million to Bangladesh through Sittway and Maungtaw borders between 1 April and 7 July of the current financial year 2023-2024, the Ministry of Commerce’s statistics indicated.
Myanmar shipped goods worth $0.95 million to Bangladesh through the Sittway border post and goods valued at $1.84 million via Maungtaw border post as of 7 July this FY.
The value of border trade with Bangladesh over the past three months was $3.678 million, which plunged from $36.113 million in the corresponding period last FY.
Next, Myanmar’s exports to Bangladesh via Sittway and Maungtaw amounted to over $1 million in the second week of July.
Tamarind, plum and fresh ginger were mainly exported via the Sittway border, while the main export items through Maungtaw were agricultural products, fisheries and manufacturing goods. The PVC pipe and PVC tanks were imported via Maungtaw.
Yangon-Sittway Road has a capacity of only 12-wheel and 6-wheel trucks. Despite the distance of 70 nautical miles between the two countries, climate conditions in the rainy season sometimes hinder water transport.
Myanmar conducts cross-border trade with Bangladesh via Sittway-Buthidaung-Maungtaw and Sittway-Angumaw-Maungtaw trade channels, mostly from Kanyinchaung Economic Zone in Maungtaw.
Source: The Global New Light of Myanmar