Trade gap between Bangladesh, Myanmar widens
October 5, 2004:
The trade gap between Bangladesh
and Myanmar has
widened drastically since the 1997-98 fiscal year.
Previously, the export volume of Bangladesh
to Myanmar was
higher than that of the import. However since the 1997-98 fiscal year, Bangladesh
has imported more goods from Myanmar
than it has sent exports to that country.
According to information from the Export Promotion Bureau,
the export and import ratio of Bangladesh
and Myanmar was
1:0.90 in 1996-97 rising to 1:27.8 just a year later.
During 1996-97, Bangladesh
exported goods valuing Taka 14, 73 Crore, to Myanmar
and the imports from that country valued Taka 16.23 Crore.
However, just a year after in 1997-98, Bangladesh
only exported goods worth Taka 6.26 crore to Myanmar,
while the imports from Myanmar
amounted to the much larger figure of Taka 38.88 Crore,
bringing the ratio to 1:27.8.
Since 1997-98, the trade volume index between the two
countries has consistently showed widening gaps. In the fiscal year of 1996-97,
the trade volume ratio between the two countries was almost equal, was 1:1.95
in 1995-96, and was 1:1.79 in 1994-95.
In 1998-98, the export earnings of Bangladesh
from Myanmar was only Taka 6.10 Crore, while
the import expenditure was Taka 74.22 Crore in
1999-00, with export earnings of only Taka 3.00 Crore.
In the fiscal year of 2000-01, the export earnings were Taka 5.88 Crore, while the import expenditure was Taka 133.26 crore. The year of 2001-02 saw export earnings of Taka
13.78 Crore, while the import expenditure was Taka
In the fiscal year of 2002-2003, Bangladesh
goods valued at Taka 5.7 Crore, while its imports
amounted to Taka 151.3 Crore, resulting in a trade
imbalance of Taka 145.6 Crore.
The volume of bilateral trade between the two countries over
the last couple of years only further exemplifies the widening trade gap
The primary exports from Bangladesh
to Myanmar are
chemical products and knitwear.
On the other hand, it imports cereals, wood and wood
products, wood charcoal, residues and waste from food industries, and
ready-made animal fodder from Myanmar.
For more information, please contact:
+88-02-8018038 Ext: 140