yanmar’s Top 10 Exports
A sovereign state in Southeast Asia, the Republic of the Union of Myanmar shipped an estimated US$15.4 billion worth of goods around the globe in 2018. That dollar amount results from a 34.3% gain since 2014 and also signals a 10.8% uptick from 2017 to 2018.
Burma is another name often used to refer to Myanmar.
Based on estimates from the Central Intelligence Agency’s World Factbook, Myanmar’s exported goods plus services represent 21.4% of total Burmese economic output or Gross Domestic Product. Please note that the overall value of exported goods and services includes re-exports. The analysis below focuses on exported products only.
From a continental perspective, 84.4% of Burmese exports by value were delivered to Asian countries while 11.2% were sold to Europe importers. Myanmar shipped another 2.5% worth of goods to North American. Smaller percentages went to Africa (1.3%), Latin America (0.2%) excluding Mexico but including the Caribbean, then Oceania led by Australia (0.2%).
Trading Economics estimates Myanmar’s unemployment rate to be 0.8% as of April 2019.
Myanmar’s Top 10 Exports
- Top 10
- Advantages
- Opportunities
- Companies
- Mineral fuels including oil: US$3.5 billion (23% of total exports)
- Clothing, accessories (not knit or crochet): $3.1 billion (20.4%)
- Knit or crochet clothing, accessories: $1.4 billion (9.2%)
- Ores, slag, ash: $1 billion (6.5%)
- Copper: $811.5 million (5.3%)
- Vegetables: $470.9 million (3.1%)
- Footwear: $447.5 million (2.9%)
- Gems, precious metals: $441.4 million (2.9%)
- Fish: $375 million (2.4%)
- Cereals: $374.4 million (2.4%)
Ores, slag and ash was the fastest-growing among the top 10 export categories, up by 3,576% year over year since 2017.
In second place for improving export sales was knitted or crocheted clothing and accessories which rose 186%.
Myanmar’s shipments of footwear posted the third-fastest gain in value up by 78.7%.
The leading decliner among Myanmar’s top 10 export categories was cereals which fell -72% year over year, weighted down by shrinking international sales of rice and corn.
From the more granular four-digit Harmonized Tariff System code level, petroleum gases represent Myanmar’s most valuable exported product at 22% of the country’s total. In second place was women’s unknitted and non-crocheted coats or jackets (5.9%) trailed by refined copper and unwrought alloys (5.3%), tin ores and concentrates (4.8%), unknitted and non-crocheted men’s coats or jackets (3.7%), knitted and crocheted jerseys and pullovers (3.1%), dried shelled vegetables (3%), unknitted and non-crocheted women’s clothing (2.7%), unstrung precious and semi-precious stones (also 2.7%) then unknitted and non-crocheted men’s suits or trousers (2.5%).
Directorate General Of Foreign Trade | Ministry Of Commerce And Industry | Government Of India,Trade 