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Overview In 2021, Burma was the number 81 economy in the world in terms of GDP (current US$), the number 74 in total exports, the number 80 in total imports, the number 178 economy in terms of GDP per capita (current US$) and the number 102 most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of Burma are Petroleum Gas ($3.19B), Dried Legumes ($1.27B), Precious Stones ($1.16B), Non-Knit Women's Coats ($904M), and Rare-Earth Metal Compounds ($803M), exporting mostly to China ($6.86B), Thailand ($2.82B), Germany ($1.17B), Japan ($1.1B), and United States ($1.01B).

In 2021, Burma was the world's biggest exporter of Precious Stones ($1.16B), Rare-Earth Metal Compounds ($803M), and Citrus and Melon Peels ($27.1M)

Imports The top imports of Burma are Refined Petroleum ($2.88B), Palm Oil ($901M), Light Rubberized Knitted Fabric ($578M), Synthetic Filament Yarn Woven Fabric ($556M), and Packaged Medicaments ($525M), importing mostly from China ($9.47B), Thailand ($4.34B), Singapore ($2.89B), Indonesia ($1.2B), and India ($769M).

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

Latest Trends

Latest Trade

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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Burma.

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.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2021)Petroleum Gas$3.19B
Top Destination (2021)China$6.86B

In 2021, Burma exported a total of $20.4B, making it the number 74 exporter in the world. During the last five reported years the exports of Burma have changed by $4.35B from $16B in 2016 to $20.4B in 2021.

The most recent exports are led by Petroleum Gas ($3.19B), Dried Legumes ($1.27B), Precious Stones ($1.16B), Non-Knit Women's Coats ($904M), and Rare-Earth Metal Compounds ($803M). The most common destination for the exports of Burma are China ($6.86B), Thailand ($2.82B), Germany ($1.17B), Japan ($1.1B), and United States ($1.01B).

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Exports (2021)
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Destinations (2021)
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Market Growth

Flow
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Fastest Growing Export Markets (2020 - 2021)
China$1.01B (+ 17.3%)
India$221M (+ 34.1%)
Poland$184M (+ 51.1%)
Fastest Growing Import Markets (2020 - 2021)
Thailand$504M (+ 13.2%)
Singapore$221M (+ 8.26%)
Qatar$193M (+ 242%)

Total Export Growth by Market (2020 - 2021)

Service Trade

Service Trade

Burma Exports Services (2019)$4.92B
Burma Imports Services (2019)$3.55B

In 2019, Burma exported $4.92B worth of services. The top services exported by Burma 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 Burma in 2019 were Transportation ($1.61B), Other business services ($1.14B), Computer and information services ($261M), Travel ($186M), and Construction services ($126M).

Service Exports (2019)

Service Imports (2019)

Economic Complexity

Overview

Economic Complexity (Trade)-0.85Rank 102 of 131
Economic Complexity (Research)-0.6Rank 99 of 140

Most Specialized Products by RCA Index

Burma has a high level of specialization in Rare-Earth Metal Compounds (306), Processed Hair (290), Precious Stones (156), Dried Legumes (97.6), and Knit Women's Coats (54.4). Specialization is measured using RCA, an index that takes the ratio between Burma observed and expected exports in each product.

Export Opportunities by Relatedness

The top export opportunities for Burma according to the relatedness index, were Gold (0.22), Niobium, Tantalum, Vanadium and Zirconium Ore (0.22), Packing Bags (0.22), Cocoa Beans (0.21), and Tea (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.

Product Space

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.

Relatedness Space

This network shows the products most related to the production structure of Burma. These are products that tend to be co-exported with the products that Burma exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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Depth

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.

Economic Complexity Ranking

Methodology
Scale

During the last 20 years Burma's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨94th to the 102nd⁩ 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.

Explore Rankings

ECI (Trade) Ranking by Country

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