Myanmar-India border trade increases in 2018-19

Source: Xinhua| 2019-09-27 10:38:32|Editor: Shi Yinglun
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YANGON, Sept. 27 (Xinhua) -- Border trade between Myanmar and India hit 194.6 million U.S. dollars as of Sept. 13 in the current fiscal year 2018-19 ending September, said a statistical report of Myanmar's Commerce Ministry Friday.

The border trade during the period increased by 57 million U.S. dollars compared with the same period of the previous fiscal year.

The Myanmar-India total border trade during the period was shared by Myanmar's export of 171.3 million U.S. dollars and its import of 23.3 million U.S. dollars.

The two countries carry out border trade mainly through Tamu, Reed and Thantlang cross-border trade camps, while a major part of bilateral trade are delivered through ships.

Myanmar mainly exports to India fruits and vegetable, fishery and forestry products, while importing from India medicines, electronic products, motorbikes, cotton yarn, non-alloy steel and other construction materials.

Meanwhile, Myanmar's border trade with four neighboring countries, China, India, Thailand and Bangladesh totalled 9.6 billion U.S. dollars, shared by 6.7 billion U.S. dollars in export and 2.9 million U.S. dollars in import.