THE bilateral border trade between Myanmar and Bangladesh stood at over US$3.88 million as of 19 November in the mini-budget year of 2021- 2022, according to the Ministry of Commerce.
According to statistics, the bilateral trade during this period has seen a drop, decreasing by $1.95 million, compared with that of the same period when the last year border trade was $5.84 million.
As of 19 November, Myanmar-Bangladesh total border trade included Myanmar export of $3.86 million its imports of $0.02 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.
In the early period of bilateral border trade, trade through the Sittway gate totaled $2.75 million, with $2.7 million in exports and $0.008 million in imports, while trade at the Maungtaw border exceeded $1.14 million, including $1.12 million in exports and $0.02 million in imports.
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.