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Myanmar – Import Export

Indicators

Import (US $ Million)

Export (US $ Million)

2004

1,973.3

2,927.8

2005

1,984.4

3,558.0

2006

2,936.7

5,232.7

2007

3,353.4

6,401.7

2008

4,543.3

6,779.1

2009

4,181.4

7,586.9

2010

6,412.7

8,861.0

2011

9,035.1

9,135.6

2012

9,068.9

8,977.0

2013

13,759.5

11,204.0

2014

16,632.6

12,523.7

2015

16,577.8

11,136.5

 Burma is the 78th largest export economy in the world and the 137th most complex economy according to the Economic Complexity Index (ECI). In 2015, Burma exported $12.4B and imported $21.4B, resulting in a negative trade balance of $9.1B. In 2015 the GDP of Burma was $62.6B and its GDP per capita was $5.25k.

In 2015 Burma exported $12.4B, making it the 78th largest exporter in the world. During the last five years the exports of Burma have increased at an annualized rate of 12.8%, from $6.57B in 2010 to $12.4B in 2015. The most recent exports are led by Petroleum Gas which represent 35.8% of the total exports of Burma, followed by Precious Stones, which account for 16.5%.

In 2015 Burma imported $21.4B, making it the 70th largest importer in the world. During the last five years the imports of Burma have increased at an annualized rate of 18.2%, from $9B in 2010 to $21.4B in 2015. The most recent imports are led by Refined Petroleum which represent 9% of the total imports of Burma, followed by Special Purpose Ships, which account for 3.55%.

The top exports of Burma are Petroleum Gas ($4.42B), Precious Stones($2.03B), Dried Legumes ($1.05B), Tin Ores ($367M) and Pearl Products($332M), using the 1992 revision of the HS (Harmonized System) classification.

The top imports of Burma are Refined Petroleum ($1.93B), Special Purpose Ships ($759M), Delivery trucks ($684M),  Broadcasting Equipment ($622M) and Telephones ($479M).

The top export destinations of Burma are China ($5.03B), Thailand ($3.27B), India ($963M), Japan ($858M) and South Korea ($504M).

The top import origins are China ($9.4B), Thailand ($4.11B), Singapore ($2.44B), Japan ($1.04B) and India ($859M).

As of 2015 Burma had a negative trade balance of $9.1B in net imports. As compared to their trade balance in 1995 when they still had a negative trade balance of $1B in net imports.

Myanmar – Top 10 Exports

Products

Exports

Per %

Mineral fuels including oil

US$  3.4 billion

29.3%

Clothing, accessories (not knit or crochet)

US$  1.6 billion

14.3%

Vegetables

US $ 1.1 billion

9.2%

Ores, slag, ash

US $ 945.2 million

8.2%

Knit or crochet clothing, accessories

US  $595 million

5.2%

Wood

US $493.5 million

4.3%

Fish

US$369.9 million

3.2%

Gems, precious metals

US $354.5 million

3.1%

Copper

US$271 million

2.4%

Footwear

US$239.4 million

2.1%

 

Knit or crochet clothing, accessories was the fastest-growing among the top 10 export categories, up by 12,141% for the 7-year period starting in 2010.

Myanmar’s exported copper posted the third-fastest gain in value up by 415%.

Myanmar Imports & Exports of Goods & Services

Year

Imports

Change, Per %

Exports

Change, Per %

2015

16,181,336,958

14.23 %

13,823,358,294

5.00 %

2014

14,165,572,273

21.02 %

13,164,482,673

8.35 %

2013

11,705,090,368

28.80 %

12,149,576,074

28.54 %

2012

9,087,963,374

5.91 %

9,451,615,665

11.75 %

2011

8,581,203,486

84.68 %

8,457,499,473

9.78 %

2010

4,646,513,717

18.15 %

7,703,969,923

23.21 %

2009

3,932,572,435

9.77 %

6,252,640,446

-0.15 %

2008

3,582,686,085

8.34 %

6,262,076,520

9.15 %

2007

3,306,770,128

25.89 %

5,737,336,232

26.50 %

2006

2,626,746,098

30.33 %

4,535,321,861

19.88 %

 

 

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