Myanmar-Bangladesh border trade decreases $16 mln this FY

The bilateral border trade between Myanmar and Bangladesh totalled US$35.41 million as of 20 August in the financial year 2020-21, a decrease by $16 mln compared to the same period last year, according to the Ministry of Commerce.
Between 1 October and 20 August, this FY, Myanmar- Bangladesh trade through border checkpoints was touched at $35.41 million, with exports worth $16.98 million and imports amounting to $18.43 million.
When compared with last FY, this FY saw a decrease in the value of exports by $9.5 million, and the bilateral imports dropped by nearly $6.47 million.
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, peanuts, saltwater prawns and fish, dried plums, garlic, rice, mung beans, blankets, candy, plum jams, footwear, frozen foods, chemicals, leather, jute products, tobacco, plastic, wood, knitwear and beverages, according to the Ministry. — Zwe/GNLM