Myanmar-Bangladesh border trade sees a dramatic increase

A report from the Commerce Ministry of Malaysia says the border trade between Myanmar and Bangladesh hit US$748.36 million as of 21 August in the current financial year of 2019-2020, according to a report by the Global New Light of Myanmar.

According to statistics, the border trade during this period has seen a dramatic jump, increasing by $727 million, compared with that of the same period last year when the total bilateral border trade was only $21.03 million.

Myanmar-Bangladesh total border trade during the period included Myanmar’s export of $444 million and its imports of $304 million.

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 newspaper.

Source: Mizzima News