International Trade in Myanmar

International Trade in Myanmar

In 2010, the economic growth reached 5.3%, thanks to a growth in agricultural production, the development of exports and the good performance of the construction and tourism sectors. Despite having a sub-soil rich in hydrocarbons (gas and oil) and precious stones (this sector alone... Read more

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Market Analyses About Myanmar (16)

Import and Export Services in Myanmar (154)

  • MARS EXIM PVT LTD

    MARS EXIM PVT LTD

    Direct Marketing, Myanmar

    Our company is Govt. of India Recognized Export House .Our main line of products are Light engineering goods which includes : •...
  • Win-Logistics

    Win-Logistics

    Freight Forwarder, Myanmar

    WinLogistics provides logistics and distribution management in the just in time movements of various types of commodities and general...

Business Tips About Myanmar (12)

Agents and Distributors in Myanmar (16)

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    Environmental Sales and Distribution, Myanmar

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    JACSources Ltd.

    Sourcing Services, Myanmar

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Overview About International Trade in Myanmar

Economic Overview

In 2010, the economic growth reached 5.3%, thanks to a growth in agricultural production, the development of exports and the good performance of the construction and tourism sectors. 

Despite having a sub-soil rich in hydrocarbons (gas and oil) and precious stones (this sector alone represents 40% of the exports), the country suffers from a certain number of weaknesses affecting its economic development; the economy remains centered on agriculture and the industrial sector is not very developed (10% of the GDP). Myanmar also has a very high inflation rate, a budget deficit and multiple official exchange rates which overvalue the national currency. The government is planning to accelerate and expand the process of privatisation which was initiated in 2005. 

The country's socio-economic conditions have deteriorated in recent years, due to the fact of the military regime's bad management of the economy. Poverty abounds, especially in rural areas and the rate of unemployment nears 10%.

 

FDI in Figures

Foreign investment has declined since 1999 due to the increasingly more unfriendly business environment and political pressure exerted by Western consumers and shareholders.

 

News Related to International Trade in Myanmar

  • 6.0-magnitude quake jolts northwestern Myanmar, causes damages - Sep 02, 2019

    6.0-magnitude quake jolts northwestern Myanmar, causes damages

    Source: TODAY AZERBAIJAN

  • Myanmar's Halting Economic Steps onto the Global Stage - Sep 02, 2019

    Myanmar's emergence on the global stage will not follow the same path as that taken by other emerging economies -- such as China in the 1980s and Vietnam in the 1990s. That's because automation threatens to undermine the very industries, such as textiles and garments, that emerging nations have traditionally relied on to accelerate economic growth and create jobs. See also "Myanmar's Challenging Pathway to Growth - in Pictures."

    Source: Strategy Business

  • 'Everything is gone': Dozens dead, missing after Myanmar landslide - Aug 11, 2019

    Rescue workers pulled bodies from the rubble of homes in a village in Myanmar on Saturday where a landslide a day earlier killed at least 32 people, with dozens still missing.

    Source: Reuters