Trade Trend

In 2023, Myanmar's total export value is 14.75Billion USD, total import value is 16.44Billion USD, Deficit is -1.69Billion USD, and foreign trade dependency is 0.481. In 2023，Myanmar's top export products are Petroleum gases and other gaseous hydrocarbons(3.44Billion USD), Vegetables, leguminous; shelled, whether or not skinned or split, dried(1.44Billion USD), Rice(743.51Million USD), top export destinations are Thailand(3.58Billion USD), China(3.43Billion USD), Japan(1.20Billion USD). In 2023, Myanmar's top import products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(5.19Billion USD), Palm oil and its fractions; whether or not refined, but not chemically modified(627.38Million USD), Woven fabrics of synthetic filament yarn, including woven fabrics obtained from materials of heading no. 5404(569.03Million USD), top import origins are China(5.09Billion USD), Singapore(3.70Billion USD), Thailand(2.10Billion USD).

Comparing to 2022, Myanmar's total export value decreased -2.33Billion USD(-13.65%) in 2023, this could result from its export decreases of products such as Petroleum gases and other gaseous hydrocarbons(-494.08Million USD or -12.57%), Suits, ensembles, jackets, blazers, trousers, bib and brace overalls, breeches and shorts (other than swimwear); mens or boys (not knitted or crocheted)(-224.09Million USD or -33.02%), Maize (corn)(-205.36Million USD or -31.19%) and export decreases to countries/economics such as United Kingdom(-276.87Million USD or -44.42%), Thailand(-267.46Million USD or -6.95%), China(-259.31Million USD or -7.03%). Comparing to 2022, Myanmar's total import value decreased -962.90Million USD(-5.53%) in 2023, this could result from its import decreases of products such as Woven fabrics of synthetic staple fibres, containing less than 85% by weight of such fibres, mixed mainly or solely with cotton, of a weight exceeding 170g/m2(-206.94Million USD or -39.86%), Medicaments; (not goods of heading no. 3002, 3005 or 3006) consisting of mixed or unmixed products for therapeutic or prophylactic use, put up in measured doses (incl. those in the form of transdermal admin. systems) or packed for retail sale(-92.28Million USD or -21.21%), Human blood; animal blood for therapeutic, prophylactic or diagnostic uses; antisera, other blood fractions, immunological products, modified or obtained by biotechnological processes; vaccines, toxins, cultures of microorganisms (excluding yeasts) etc(-88.03Million USD or -65.68%), and its import decreases from countries/economies such as Singapore(-617.55Million USD or -14.29%), China(-495.67Million USD or -8.87%), India(-114.08Million USD or -20.29%).

Cumulated to first 7 months of 2024, Myanmar's total export value is 8.17Billion USD, total import value is 8.26Billion USD, and tradedeficit is -90.49Million USD. Cumulated to first 7 months of 2024, Myanmar's top export products are Petroleum gases and other gaseous hydrocarbons(1.32Billion USD), Vegetables, leguminous; shelled, whether or not skinned or split, dried(650.17Million USD), Compounds, inorganic or organic, of rareearth metals; of yttrium or of scandium or of mixtures of these metals(467.67Million USD), and top export destinations are China(3.20Billion USD), Thailand(1.27Billion USD), Japan(569.49Million USD). Cumulated to first 7 months of 2024, Myanmar's top import products are Petroleum gases and other gaseous hydrocarbons(1.32Billion USD), Vegetables, leguminous; shelled, whether or not skinned or split, dried(650.17Million USD), Compounds, inorganic or organic, of rareearth metals; of yttrium or of scandium or of mixtures of these metals(467.67Million USD), and top import origins areChina(4.55Billion USD), Thailand(1.75Billion USD), Singapore(621.95Million USD).