Workers carrying sacks of rice at the Maungtaw Border Trade Zone in Maungtaw. Photo: nay win tun
Trade zones in Maungtaw, Rakhine State, carried out trade worth US$8.311 million during fiscal year (FY) 2017-2018, according to official statistics from the Maungtaw Border Trade Zone.
Exports during FY 2016-2017 were worth $5.918 million, while for this fiscal they were $8.311 million. Therefore, exports are expected to exceed $2.366 million more than last year.
Myanmar’s main exports to Bangladesh are rice, ginger, silk, cotton, onions, fish, prawns, dried fish, bamboo, cane and other industrial goods.
The imports arriving through the Maungtaw Border Trade Zone from Bangladesh have ceased since the violent attacks in October 2016.
The trade zones between Myanmar and Bangladesh mostly rely on the swell and ebb of the river, and the Kanyin Chaung trade zone is being developed to pave way for larger cargo vessels, according to officials.—Myint Maung, Zeyar
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