Myanmar-India bilateral trade hit over US$130 M in Oct

Myanmar-India bilateral trade hit over US$130 M in Oct
Published 23 December 2020
EMG

Myanmar-India bilateral trade reached over US$130 million in October and Myanmar exported more than US$68 million worth of products to India in the period, according to the Ministry of Commerce.

Myanmar imported over US$62 million worth of products from India in the same period.

In 2019-20 FY, bilateral trade between Myanmar and India reached over US$1.3 billion and it is less than over US$130 million in comparison with the same period in the last fiscal year.

Myanmar exported over US$616 million worth of products to India from October 1 to the end of September and imported over US$696 million worth of products from India in the same period.

In first six-month of 2019-20 FY, Myanmar traded with China (over 33%), Thailand (over 13%), Singapore (over 9%), Japan (over 5%), India (about 4%) and other countries (over 34%), according to a report from Joint Public Accounts Committee for the Union Parliament.