Myanmar2019 Economic Complexity : -0.99, Rank 120 of 146
2019 Product Exports | Imports: $22.4B | $28.6B, 71 of 225 | 69 of 225
2019 Per Capita Product Exports | Imports: $415 | $530, 160 of 219 | 172 of 219
2018 Service Exports | Imports : $3.46B | $3.39B, 51 of 88 | 49 of 88
Overview: In 2019 Myanmar was the number 70 economy in the world in terms of GDP (current US$), the number 71 in total exports, the number 69 in total imports, the number 155 economy in terms of GDP per capita (current US$) and the number 120 most complex economy according to the Economic Complexity Index (ECI).
Exports: The top exports of Myanmar are Petroleum Gas ($6.42B), Non-Knit Women's Coats ($1.13B), Rice ($1.1B), Refined Copper ($841M), and Dried Legumes ($771M), exporting mostly to China ($5.47B), Thailand ($5.3B), Japan ($1.54B), Germany ($1.22B), and United States ($966M).
In 2019, Myanmar was the world's biggest exporter of Citrus and Melon Peels ($26.9M) and Non-powered Aircraft ($6M)
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 ($1.29B), and India ($1.03B).
In 2019, Myanmar was the world's biggest importer of Heavy Synthetic Cotton Fabrics ($709M) and Other Vegetable Oils ($363M)
Location: Myanmar borders Bangladesh, China, India, Laos, and Thailand by land.
Top Export (2019): Petroleum Gas, $6.42B
Top Destination (2019): China, $5.47B
In 2019, Myanmar exported a total of $22.4B, making it the number 71 exporter in the world. During the last five reported years the exports of Myanmar have changed by -$5.42B from $27.8B in 2014 to $22.4B in 2019.
The most recent exports are led by Petroleum Gas ($6.42B), Non-Knit Women's Coats ($1.13B), Rice ($1.1B), Refined Copper ($841M), and Dried Legumes ($771M). The most common destination for the exports of Myanmar are China ($5.47B), Thailand ($5.3B), Japan ($1.54B), Germany ($1.22B), and United States ($966M).
Top Import (2019): Refined Petroleum, $2.98B
Top Origin (2019): China, $12.3B
In 2019 Myanmar imported $28.6B, making it the number 69 trade destination in the world. During the last five reported years the imports of Myanmar changed by $4.38B from $24.3B in 2014 to $28.6B in 2019.
The most recent imports of Myanmar are led by 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). The most common import partners for Myanmar are China ($12.3B), Thailand ($4.24B), Singapore ($3.43B), Indonesia ($1.29B), and India ($1.03B).
Myanmar Exports Services (2018): $3.46B
Myanmar Imports Services (2018): $3.39B
In 2018, Myanmar exported $3.46B worth of services. The top services exported by Myanmar 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 Myanmar in 2018 were Transportation ($1.54B), Other business services ($1.1B), Construction services ($252M), Computer and information services ($182M), and Travel ($88.7M).
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 (88.4), Water and Gas Generators (65.1), Dried Legumes (64.2), Non-Knit Women's Coats (43), and Rice (35.9). 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 Signalling glassware, unworked optical elements (1.29), Ketones and quinones, their derivatives (1.22), Optical fibres, lenses, mirrors, prisms, etc (0.95), Synthetic rubber (0.94), and Compounds, mixes of rare-earths, yttrium, scandium nes (0.79). 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 (0.22), Gold (0.22), Packing Bags (0.21), Cassava (0.2), and Raw Tobacco (0.2). 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 it is currently specialized in.
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.
During the last 20 years Myanmar's economy has become relatively less complex, moving from the 94th to the 120th 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.
Have questions, comments, or concerns?
Send us an e-mail: [email protected]
v5.0.1 bee