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What does Myanmar export and import?
Myanmar Exports and Imports of Product Groups 2019 Myanmar Raw materials exports are worth US$ 3,249 million, product share of 17.95%. Myanmar Raw materials imports are worth US$ 596 million, product share of 3.20%. Myanmar Intermediate goods exports are worth US$ 3,234 million, product share of 17.86%.
What are the major exports of Myanmar?
Oil and natural gas dominate Myanmar’s exports. Its abundant natural resources, labour force, and proximity to Asia’s dynamic economies have attracted foreign investment in the energy, garment, IT, food and beverages sectors. Myanmar’s main trading partners are China, India, Japan, Indonesia, Germany and Hong-Kong.
How do I export goods from Myanmar?
An export must register as a company authorized to engage in international trade and then register as an exporter with the Directorate of Investment and Company Administration (DICA), Ministry of Planning and Finance. Registrations can be up to five years. DICA has a One Stop Service (OSS) to facilitate registration.
What sells Myanmar?
The 5 biggest exported goods from Myanmar by value are petroleum gases, unknitted and non-crocheted men’s suits or trousers, dried shelled vegetables, unknitted and non-crocheted women’s clothing and refined copper. Combined, Myanmar’s 5 most valuable exports accounted for 45.8% of the country’s overall exports.
What does Singapore import from Myanmar?
| Singapore Imports from Myanmar | Value | Year |
|---|---|---|
| Edible vegetables and certain roots and tubers | $7.33M | 2020 |
| Cereals | $6.45M | 2020 |
| Tobacco and manufactures tobacco substitutes | $5.57M | 2020 |
| Salt, sulphur, earth, stone, plaster, lime and cement | $4.69M | 2020 |
What are Myanmar’s Major imports and exports?
Natural gas is Myanmar’s primary export, followed by pulses (mostly dried beans), teak, and minerals and gems. Its principal imports include machinery and equipment, industrial raw materials, and consumer goods.
What products does Myanmar export?
The major commodities exported by Myanmar are as follows: Natural gas. Wood products. Pulses and beans. Fish. Rice. Clothing. Jade and gems.
What does Myanmar import?
Myanmar mainly imports fuel, vegetable oil, vehicles, pharmaceutical products, construction equipment, polymers, tires and machinery. Myanmar’s main imports partners are China, Japan, India, Indonesia, Germany, France and Hong Kong.
What is the money in Myanmar?
The kyat (/kiˈɑːt/, US: /ˈtʃɑːt/ or /ˈkjɑːt/; Burmese: ကျပ် [tɕaʔ]; ISO 4217 code MMK) is the currency of Myanmar (Burma). It is often abbreviated as “K” (singular or plural) or “Ks” (plural), which is placed before or after the numerical value, depending on author preference.