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.
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.
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.
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).
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.
*The tariffs applied to imports for Burma are:1: AANZFTA ASEAN - Australia - New Zealand Free Trade Area54: ASEAN Korea, Republic of Free Trade Area (ASEAN) Association of Southeast Asian Nations59: ASEAN India Free Trade Area (ASEAN) Association of Southeast Asian Nations84: Association of Southeast Asian Nations (ASEAN ) Free Trade Area136: Most Favoured Nation duty rate treatement184: Preferential tariff for China246: Preferential tariff for Japan
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.
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.
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.
Burma
