Myanmar-India bilateral trade reached 1.19 billion U.S. dollars in the fiscal year of 2009-10, increasing by 26.1 percent from the previous year, and India stands as Myanmar's fourth largest trading partner after Thailand, China and Singapore, according to the latest official figures available on Wednesday.
Of the total, Myanmar's export to India amounted to 1 billion U. S. dollars, while its import from India was valued at 194 million dollars, the Central Statistical Organization said.
In 2008-09, the two countries' bilateral trade was registered at 943 million U.S. dollars, of which Myanmar's export to India took 144 million U.S. dollars, while its import from the country stood at 797 million U.S. dollars.
Agricultural produces and forestry products led Myanmar's exports to India whereas medicines and pharmaceutical products topped its imports from India.
Meanwhile, India's contracted investment in Myanmar reached 189 million U.S. dollars as of March 2010 since the government opened to foreign investment in 1988, of which 137 million were drawn into the oil and gas sector in September 2007, the statistics show./.