Myanmar2020 Economic Complexity : -1.18, Rank 110 of 127
2020 Product Exports | Imports: $19.4B | $26.1B, 69 of 226 | 69 of 226
2020 Per Capita Product Exports | Imports: $357 | $480, 166 of 219 | 175 of 219
2019 Service Exports | Imports : $4.92B | $3.55B, 40 of 69 | 41 of 69
Overview In 2020 Myanmar was the number 67 economy in the world in terms of GDP (current US$), the number 69 in total exports, the number 69 in total imports, the number 161 economy in terms of GDP per capita (current US$) and the number 110 most complex economy according to the Economic Complexity Index (ECI).
Exports The top exports of Myanmar are Petroleum Gas ($2.99B), Rice ($1.15B), Non-Knit Women's Coats ($984M), Refined Copper ($974M), and Dried Legumes ($894M), exporting mostly to China ($5.37B), Thailand ($2.75B), Japan ($1.45B), Germany ($1.31B), and United States ($1.14B).
In 2020, Myanmar was the world's biggest exporter of Rare-Earth Metal Compounds ($388M), Citrus and Melon Peels ($23.8M), Non-powered Aircraft ($18M), and Silkworm Cocoons ($3.32M)
Imports The top imports of Myanmar are Refined Petroleum ($2.28B), Broadcasting Equipment ($735M), Palm Oil ($656M), Heavy Synthetic Cotton Fabrics ($611M), and Motorcycles ($544M), importing mostly from China ($11.4B), Thailand ($3.83B), Singapore ($2.67B), Indonesia ($1.11B), and India ($871M).
In 2020, Myanmar was the world's biggest importer of Heavy Synthetic Cotton Fabrics ($611M)
Location Myanmar borders Bangladesh, China, India, Laos, and Thailand by land.
The following section uses the most recent trade data from partners of Myanmar.
Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Data is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Top Export (2020): Petroleum Gas, $2.99B
Top Destination (2020): China, $11.4B
In 2020, Myanmar exported a total of $19.4B, making it the number 69 exporter in the world. During the last five reported years the exports of Myanmar have changed by $1.63B from $17.8B in 2015 to $19.4B in 2020.
The most recent exports are led by Petroleum Gas ($2.99B), Rice ($1.15B), Non-Knit Women's Coats ($984M), Refined Copper ($974M), and Dried Legumes ($894M). The most common destination for the exports of Myanmar are China ($5.37B), Thailand ($2.75B), Japan ($1.45B), Germany ($1.31B), and United States ($1.14B).
Myanmar Exports Services (2019): $4.92B
Myanmar Imports Services (2019): $3.55B
In 2019, Myanmar exported $4.92B worth of services. The top services exported by Myanmar in 2019 were Travel ($2.48B), Other business services ($1.48B), Transportation ($381M), Government services, n.i.e. ($224M), and Computer and information services ($150M).
The top services imported by Myanmar in 2019 were Transportation ($1.61B), Other business services ($1.14B), Computer and information services ($261M), Travel ($186M), and Construction services ($126M).
The top product import tariffs by their MFN Ad Valorem value for Myanmar 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.
*The tariffs applied to imports for Myanmar are:
Myanmar has a high level of specialization in Rare-Earth Metal Compounds (208), Dried Legumes (64.5), Non-Knit Women's Coats (46.6), Knit Women's Coats (45.9), and Non-Knit Men's Coats (38.1). Specialization is measured using RCA, an index that takes the ratio between Myanmar observed and expected exports in each product.
The highest complexity exports of Myanmar according to the product complexity index (PCI) are Optical fibres, lenses, mirrors, prisms, etc (0.97), Potato flour, meal, flakes, etc (0.94), Synthetic rubber (0.76), Woven fabric of silk or of silk waste (0.75), and Headgear, not felt, plaited, knit or crochet (0.74). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The top export opportunities for Myanmar according to the relatedness index, are Niobium, Tantalum, Vanadium and Zirconium Ore (0.23), Cocoa Beans (0.23), Gold (0.22), Packing Bags (0.22), and Other Cloth Articles (0.22). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Myanmar 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 a country currently specializes in.
The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is 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 greenhouse emissions.
During the last 19 years Myanmar's economy has become relatively less complex, moving from the 94th to the 110th 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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