BILATERAL border trade between Myanmar and Bangladesh declined by US$307 million from 1 October to 28 January compared to the same period last year due to the spread of coronavirus, according to the monthly data issued by the Ministry of Commerce.

During the mini-budget period, Myanmar-Bangladesh trade through border checkpoints was touched at $14.194 million, with exports worth $4.12 million and imports amounting to $0.007 million.

Compared with the same period last year, the value of exports between the two countries increased by $7.17 million, while imports declined by $315.07 million.

For the same period last year, the total trade between the two countries was valued at $322.11 million, with $315.15 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, peanuts, 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.

ACM/GNLM

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