Myanmar-Bangladesh border trade decreases 8.8% in seven months

13  May


BILATERAL border trade stood at  over  US$19  million  as  of  26  April  in  the  current  2018-2019  Fiscal year which saw a slight decrease of $1.87 million or 8.8 per cent, from the correspond-ing period last year, according to the Ministry of Commerce’s trade report.


At this time last FY, Myan-mar-Bangladesh trade through border  gates  was  pegged  at  $21.29  million,  with  exports  worth $20.27 million and imports amounting to $1.02 million.


When  compared  with  last  FY,  this  FY  saw  a  decrease  in  value of exports by $7.87 million, however,  the  bilateral  imports  rose  by  nearly  $6  million.  Be-tween  1  October  and  26  April,  Myanmar exported $12.4 million worth  of  domestic  products  to  Bangladesh and imported goods valued  at  over  $7  million  from  the South Asian country.


Normally,  Myanmar’s  ex-ports  to  Bangladesh  surplus  its  imports  in  bilateral  border  trade.


In  bilateral  border  trade,  goods  are  delivered  mainly  through two border gates—Sit-tway and Maungtaw.


In  nearly  seven  months,  trade  via  the  Sittway  gate  to-talled  $14.38  million,  with  $7.4  million in exports and $6.97 mil-lion in imports, while trade from the Maungtaw gate exceeded $5 million,  including  $0.04  million  in imports.


Marketable  goods  at  the  Myanmar-Bangladesh borders contain  bamboos,  ginger,  pea-nuts, saltwater prawns and fish, dried plums, garlic, rice, mung beans,  blankets,  candy,  plum  jams,  footwear,  frozen  foods,  chemicals,  leather,  jute  prod-ucts,  tobacco,  plastics,  wood,  knitwear and beverages.


According to the ministry’s annual statistical data, the 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 borders 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, $1.6 million  in  2016-2017  FY.—Swe  Nyein (Translated by Khaing Thanda Lwin)