Flag Burma

Econ Complexity (2018): -1.24, Rank 122 of 137

Product Exports (2018): $20B, Rank 72 of 222

Exports Per Capita (2018): $372, Rank N/A of N/A

Product Imports (2018): $27.2B, Rank 69 of 221

Imports Per Capita (2018): $506, Rank N/A of N/A

Service Exports (2018): $3.46B, Rank 51 of 88

Service Imports (2018): $3.39B, Rank 49 of 88

Overview: This page contains the latest international trade data for Burma, including service trade data, and tariffs. In 2018 Burma was the number 71 economy in the world in terms of GDP (current US$), the number 72 in total exports, the number 69 in total imports, and the number 122 most complex economy according to the Economic Complexity Index (ECI). In 2018, Burma exported $20B and imported $27.2B, resulting in a negative trade balance of -$7.18B. In 2018, Burma's exports per capita were $372 and its imports per capita were $506.

Trade: The top exports of Burma are Petroleum Gas ($5.62B), Non-Knit Women's Coats ($976M), Refined Copper ($893M), Raw Sugar ($652M), and Non-Knit Men's Coats ($592M). The top imports of Burma are Refined Petroleum ($2.82B), Broadcasting Equipment ($1.17B), Heavy Synthetic Cotton Fabrics ($714M), Palm Oil ($573M), and Motorcycles ($555M).

Destinations: Burma exports mostly to Thailand ($5.27B), China ($4.93B), Japan ($1.46B), Germany ($1.05B), and United States ($671M), and imports mostly from China ($10.7B), Thailand ($4.67B), Singapore ($2.81B), Indonesia ($1.44B), and India ($1.4B).

Location: Burma borders Bangladesh, China, India, Laos, and Thailand by land.

Yearly Exports

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Top Export (2018): Petroleum Gas, $5.62B

Top Destination (2018): Thailand, $5.27B

In 2018 Burma exported a total of $20B, making it the number 72 exporter in the world. During the last five reported years the exports of Burma have changed by $9.74B from $10.3B in 2013 to $20B in 2018.

The most recent exports are led by Petroleum Gas ($5.62B), Non-Knit Women's Coats ($976M), Refined Copper ($893M), Raw Sugar ($652M), and Non-Knit Men's Coats ($592M). The most common destination for the exports of Burma are Thailand ($5.27B), China ($4.93B), Japan ($1.46B), Germany ($1.05B), and United States ($671M).

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Yearly Imports

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Top Import (2018): Refined Petroleum, $2.82B

Top Origin (2018): China, $10.7B

In 2018 Burma imported $27.2B, making it the number 69 trade destination in the world. During the last five reported years the imports of Burma changed by $8.89B from $18.3B in 2013 to $27.2B in 2018.

The most recent imports of Burma are led by Refined Petroleum ($2.82B), Broadcasting Equipment ($1.17B), Heavy Synthetic Cotton Fabrics ($714M), Palm Oil ($573M), and Motorcycles ($555M). The most common import partners for Burma are China ($10.7B), Thailand ($4.67B), Singapore ($2.81B), Indonesia ($1.44B), and India ($1.4B).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Burma Exports Services (2018): $3.46B

Burma Imports Services (2018): $3.39B

In 2018, Burma exported $3.46B worth of services. The top services exported by Burma in 2018 were Travel ($1.65B), Other business services ($937M), Transportation ($379M), Government services, n.i.e. ($231M), and Construction services ($148M).

The top services imported by Burma in 2018 were Transportation ($1.54B), Other business services ($1.1B), Construction services ($252M), Computer and information services ($182M), and Travel ($88.7M).

Trade Forecasts

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This section shows forecasts for total product exports and imports for Burma. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Tariffs by Product

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The top product import tariffs by their MFN Ad Valorem value for Burma are Alcoholic liqueurs nes (40%) and Gin and Geneva (40%).

Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.

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*The tariffs applied to imports for Burma are:
1: AANZFTA ASEAN - Australia - New Zealand Free Trade Area
54: ASEAN Korea, Republic of Free Trade Area (ASEAN) Association of Southeast Asian Nations
59: ASEAN India Free Trade Area (ASEAN) Association of Southeast Asian Nations
84: Association of Southeast Asian Nations (ASEAN ) Free Trade Area
136: Most Favoured Nation duty rate treatement
184: Preferential tariff for China
246: Preferential tariff for Japan

Economic Complexity

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Economic Complexity Ranking

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During the last 18 years Burma's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨95th to the 122nd⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

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Most Specialized Products by RCA Index

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Burma has a high level of specialization in Dried Legumes (57.1), Non-Knit Men's Undergarments (48), Rare-Earth Metal Compounds (44.1), Bovine (41.1), and Non-Knit Women's Coats (40.6). Specialization is measured using RCA, an index that takes the ratio between Burma observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Burma according to the product complexity index (PCI) are Drawing, mathematical, length measuring instruments (1.57), Signalling glassware, unworked optical elements (1.24), Cellulose, chemical derivatives nes in primary forms (0.81), Optical fibres, lenses, mirrors, prisms, etc (0.66), and Compounds, mixes of rare-earths, yttrium, scandium nes (0.65). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Burma according to the relatedness index, are Insect Resins (0.23), Tea (0.21), Gold (0.21), Tropical Fruits (0.21), and Tanned Goat Hides (0.21). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Burma is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.