Growing trade between Myanmar and Bangladesh

Myanmar’s pro-government media reported on this. Global New Light of MyanmarrMyanmar’s exports exceed imports in cross-border trade with Bangladesh, and exports to Bangladesh between April and October in the 2022-2023 fiscal year were 8,620.7 tonnes valued at $10,733 million.

At the two border posts of Myanmar with Bangladesh, Myanmar’s fisheries exports accounted for 65 percent and dried food products for 35 percent; Sittway and Maungtaw border posts. Fishery products include farmed rohu, hilsa, mackerel, dried anchovies and dried fish meal. Tamarind, onions, ginger, dried henna powder, gravel, longyi and clothes are also exported.

The value of fishery products to Bangladesh through the two border posts is $6,318 million (7,093,413 tons) in 2019-2020, $4.76 million (5,010.7 tons) in 2020-2021 and $13,987 million (11,362, 6 months) in 2020-2021. 97 tons). -budget period (October-March).

“Bangladesh is increasingly buying locally farmed rohu. Myanmar has a trade surplus in border trade with Bangladesh. Imports are very low. Traders also called for the legalization of cattle trade. If this normal trade can generate income for the two countries and curb inflation in the border regions, there are many steps to be taken. Myanmar’s cross-border exports to Bangladesh amounted to $10,733 million in the last seven months of the current fiscal year. A trade surplus could increase the interest of entrepreneurs, fish farmers and farmers,” said U Thet Oo, head of the Rakhine State Department of Fisheries.

The Maungtaw border post in Rakhine state has been closed since late September. Exports flow through Sittway border post to Bangladesh. Trade through the Maungtaw border saves time and trade flows smoothly. It takes about five hours to reach the Bangladesh border via Sittway.

Myanmar earned a total of $10,733 million from 8,620 tons of exports to Bangladesh in the last 7 months. The state also received $24,100 in revenue from license fees for 26 ships bound for Bangladesh.

Rohu and other dried products such as onions, tamarind, ginger and prunes are shipped to Bangladesh through Rakhine state, men’s wide-striped longyi (Palaykat Pasoe – men’s cotton sarong), plastic gallon containers, shoes and construction materials are imported. From Myanmar. Exports exceed imports in cross-border trade between Myanmar and Bangladesh.

Myanmar sent $1.88 million worth of goods to Bangladesh through Sittway border post and $0.23 million worth of goods through Maungtaw.

Trade through Maungtaw declined as traffic to Maungtaw was stopped. About 1,129 tons of fishery products worth $1.42 million were exported through Sittway border post in September, accounting for 75 percent of total exports to Bangladesh.

The Rakhine State Chambers of Commerce and Industry said weather conditions and traffic difficulties had damaged trade at the Maungtaw border post. Traders are unable to deliver goods via Sittway to Maungtaw due to traffic bottlenecks and erratic weather conditions, so the volume of trade via Sittway has increased significantly.

Cross-border trade between Myanmar and Bangladesh saw only exports and showed an overall trade surplus. The main export goods in trade are fishery products.

Myanmar areca nut, coconut, cengkol, silver pomfret, anchovy, dried fish, broom, mushroom, ginger, onion, chickpea, dried plum, tamarind seed, shoes, underwear (longyi), Thanaka, instant coffee mix, sunflower seed and Bangladesh instant noodles. Besides, clothes, consumer goods, PVC pipes, plastic water reservoirs and pumps are imported into the country.

Myanmar started exporting 21,300 tons of high quality rice to Bangladesh by MV VTC Oceandocked at Yangon’s Sule port based on an agreement between the two countries.

The Myanmar Rice Federation and Bangladesh Food Department have signed an agreement to export 250,000 tons of high-quality rice this year, and the export cargo will be carried by MV VTC Ocean in accordance with the implementation of the agreement.

According to the Ministry of Commerce, Myanmar transported 5,160 tonnes of rohu to Bangladesh through two cross-border posts in the first five months (April-August) of the 2022-2023 fiscal year.

However, border trade has been halted since September amid concerns about transport security, according to the Maungtaw border post.

Rohu is processed in Yangon and then sent to Sittway border post by cold storage trucks or ships after pre-shipment inspection. Then it is sent to Bangladesh by motor boats. Myanmar has been exporting rohu to Bangladesh through Sittway and Maungtaw border posts since 2016.

Agriculture and livestock are the backbone of Myanmar’s economy. Commercial fish farms are located in some townships in Yangon, Bago and Ayeyawady regions. Two-year-old rohu grow between two and five kilograms in farming ponds. Rohus weighing less than two kg are sent to domestic markets. Large ones are exported. As rohu has captured market shares in international markets, farmers have expanded rohu cultivation more than before.

About 1,000 tons of rohu are delivered from Yangon to Sittway and Maungtaw border posts in Rakhine State with Bangladesh. Rohu from other two cities are also sent to the border by sea and road transport.

Rohu and other dried products such as onions, tamarind, ginger and prunes are shipped to Bangladesh through Rakhine State, men’s wide-striped longyi (Palaykat Pasoe – men’s cotton sarong), plastic gallon containers, shoes and construction materials are imported. From Myanmar. Exports exceed imports in cross-border trade between Myanmar and Bangladesh.

According to statistics released by the Ministry of Commerce of Bangladesh, the value of border trade between Myanmar and Bangladesh in the first half of the current fiscal year was 16 million 229 million dollars, which consisted of exports of 16 million dollars and imports of 0.03 million dollars.

Myanmar supplied 319 tonnes of coconuts to Bangladesh through the Maungtaw border trading post in the first half of the 2022-2023 fiscal year, with an estimated value of US$0.128 million.

Apart from its health benefits, it is also used in religious events. In this case, there is a steady demand for Myanmar coconuts from Bangladesh.

In Myanmar’s southern Rakhine state, there are three types of coconut cultivated in the delta and coastal regions; tall, dwarf and orange coconut. They can be grown under temperatures of at least 27 °C and rainfall ranging from 30 to 70 inches. fruiting COMES between seven and ten years for tall coconuts, while coconuts can be harvested from dwarf coconut trees in three to five years, and orange coconuts bear fruit in five to seven years. One tree can produce an average of 100 coconuts.

The health benefits of coconut are fast digestion, good cholesterol levels, anti-aging, rich in copper and iron, killing bacteria and viruses, hormone balance, nutrition facts, better memory, bone health and metabolism. The amount of coconut water in one coconut is about 200-1000 ml. Coconut water boosts the immune system and has other benefits. It is widely used in the preparation of traditional snacks. Coconuts produced in Yangon region and Manaung, Kyaukpyu and Tandwe in Rakhine state are sent to Bangladesh through the Maungtaw border trading post.

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