Myanmar-Bangladesh bilateral trade down by $16 mln this FY

Trade between Myanmar and Bangladesh as of 17 September since October this year has exceeded US$35 million, down $16 million from the same period last year, according to the monthly data issued by the Ministry of Commerce. Between 1 October and 17 September of this FY, the Myanmar-Bangladesh trade through border checkpoints has touched $35.41 million, with exports worth $16.98 million and imports amounting to $18.43 million.

Compared with the same period last year, the value of exports between the two countries dropped by $9.54 million, while imports declined by $ 6.46 million. For the same period last year, the total trade between the two countries was valued at $51.4 million, with $ 26.5 million in exports and $24.89 million in imports.

Myanmar exports goods to Bangladesh through both maritime and land routes. Bilateral border trade is mainly conducted through the Sittway and Maungtaw points of entry. The products traded between the two countries include bamboo, ginger, peanut, 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.

Source: The Global New Light of Myanmar

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