Frequent question: What are the major imports of Myanmar?

What is Myanmar biggest import?

Imports The top imports of Myanmar are Refined Petroleum ($2.98B), Broadcasting Equipment ($1.09B), Heavy Synthetic Cotton Fabrics ($709M), Synthetic Filament Yarn Woven Fabric ($672M), and Light Rubberized Knitted Fabric ($580M), importing mostly from China ($12.3B), Thailand ($4.24B), Singapore ($3.43B), Indonesia ($ …

What are the imports and exports of Myanmar?

Myanmar Exports and Imports of Product Groups 2019

Myanmar Raw materials imports are worth US$ 596 million, product share of 3.20%. Myanmar Intermediate goods exports are worth US$ 3,234 million, product share of 17.86%. Myanmar Intermediate goods imports are worth US$ 6,137 million, product share of 32.98%.

What are Myanmar’s top 3 exports?

The 5 biggest exported goods from Myanmar by value are petroleum gases, unknitted and non-crocheted men’s suits or trousers, dried shelled vegetables, unknitted and non-crocheted women’s clothing and refined copper. Combined, Myanmar’s 5 most valuable exports accounted for 45.8% of the country’s overall exports.

What crops are grown in Myanmar?

Myanmar’s agricultural industry can be divided into three sectors: crop production, livestock, and fishing. In terms of Myanmar’s main crop production, it is renowned for its production of rice, sugar cane, and dry beans, among other vegetables. Interestingly, Myanmar was once the biggest exporter of rice in Asia.

What product is Myanmar known for?

Natural gas is Myanmar’s primary export, followed by pulses (mostly dried beans), teak, and minerals and gems. Its principal imports include machinery and equipment, industrial raw materials, and consumer goods.

Is Myanmar poor or rich?

Myanmar is Asia’s seventh-poorest country. Myanmar’s per capita GDP is $1,207, just above Cambodia’s. About 26% of the population lives in poverty, and poverty is twice as high in rural areas, where about 70% of the population lives.

Who is Myanmar’s biggest trading partner?

Myanmar top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
China 5,754 31.78
Thailand 3,257 17.99
Japan 1,436 7.93
United States 835 4.61

Is Myanmar safe now?

Do not travel to Burma due to COVID-19 as well as areas of civil unrest and armed conflict. … The Burmese military has detained and deposed elected government officials. Protests and demonstrations against military rule have occurred and are expected to continue.

What can I import to Myanmar?

Myanmar mainly imports fuel, vegetable oil, vehicles, pharmaceutical products, construction equipment, polymers, tires and machinery. Myanmar’s main imports partners are China, Japan, India, Indonesia, Germany, France and Hong Kong.

What do we import from Myanmar?

The top import categories (2-digit HS) in 2019 were: leather products ($302 million), woven apparel ($192 million), knit apparel ($142 million), footwear ($93 million), and electrical machinery ($47 million). U.S. total imports of agricultural products from Burma totaled $18 million in 2020.

What is the main source of income in Myanmar?

The Myanmar government’s main source of revenue in recent years has been the export of natural gas to Thailand. Another major source has been taxes on domestic and international trade.

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