Refined Petroleum in Burma 2020 Exports | Imports : $10.7M | $2.28B, World Rnk 128 / 212 Rnk 120 / 871 | World Rnk 45 / 224 Rnk 1 / 1154
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $358k | $56.8M, Vietnam | Malaysia
2020 ECONOMIC COMPLEXITY of Burma: -1.18, Rnk 110 / 127
2020 PRODUCT COMPLEXITY IN Refined Petroleum: -0.94, Rnk 822 / 1029
Exports In 2020, Burma exported $10.7M in Refined Petroleum, making it the 128th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 120th most exported product in Burma. The main destination of Refined Petroleum exports from Burma are: South Africa ($5.37M), China ($2.6M), Japan ($822k), United States ($750k), and Vietnam ($552k).
The fastest growing export markets for Refined Petroleum of Burma between 2019 and 2020 were Vietnam ($358k), India ($93.5k), and Cambodia ($17.9k).
Imports In 2020, Burma imported $2.28B in Refined Petroleum, becoming the 45th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Burma. Burma imports Refined Petroleum primarily from: Singapore ($1.69B), Thailand ($295M), China ($136M), Malaysia ($98M), and United Arab Emirates ($23.4M).
The fastest growing import markets in Refined Petroleum for Burma between 2019 and 2020 were Malaysia ($56.8M), Netherlands ($281k), and Lithuania ($148k).
Tariffs In 2019, the average tariff for Burma in Refined Petroleum was 1.5%. The countries with the highest import tariffs for Refined Petroleum were Angola (Most Favoured Nation duty rate treatement, 1.5%), Burundi (Most Favoured Nation duty rate treatement, 1.5%), Benin (Most Favoured Nation duty rate treatement, 1.5%), Burkina Faso (Most Favoured Nation duty rate treatement, 1.5%), and Botswana (Most Favoured Nation duty rate treatement, 1.5%).
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
The following visualization shows the latest trends on Refined Petroleum. Countries are shown based on data availability.
* Using January 2020 exchange rates when trade data is reported in local currency.
EXPORTS (2020): $10.7M
IMPORTS (2020): $2.28B
NET TRADE (2020): -$2.27B
In 2020, Burma exported $10.7M in Refined Petroleum. The main destinations of Burma exports on Refined Petroleum were South Africa ($5.37M), China ($2.6M), Japan ($822k), United States ($750k), and Vietnam ($552k).
In 2020, Burma imported $2.28B in Refined Petroleum, mainly from Singapore ($1.69B), Thailand ($295M), China ($136M), Malaysia ($98M), and United Arab Emirates ($23.4M).
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Burma WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Burma WERE (2019 - 2020):
In 2020, Burma's main exporting competitors in Refined Petroleum were:
In 2020, Burma's main importing competitors in Refined Petroleum were:
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