Myanmar Export and Import Commodities You Need to Know!

Myanmar, also known as Burma, is a country located in Southeast Asia with abundant natural resources and a long history of trade. Despite political and economic challenges, Myanmar continues to play a significant role in international trade. 

The country is known for its various export and import commodities that are the backbone of its economy. This article will discuss Myanmar's main export and import commodities and provide in-depth insights into the country's trade. 

Myanmar Import Export Commodities

Myanmar has a variety of major export commodities that contribute significantly to its economy. Here are some of the major commodities along with their explanations and percentage contribution to total exports:

1. Petroleum Gas and Other Hydrocarbon Gases

Oil, natural gas and other hydrocarbon gases are Myanmar's largest export commodities. Natural gas is extracted from Myanmar's oil and gas fields and exported to various countries for use as energy and industrial raw materials.

This gas is usually exported to neighboring countries such as Thailand and China, which has high energy needs to support their industry and domestic consumption.

2. Dried Legumes 

Dried legumes, such as mung beans and long beans, are one of Myanmar's important export commodities. They are valued for their high protein and fiber content.

South Asian countries, such as India, are the main markets for Myanmar's dried leguminous vegetable exports.

3. Rice 

Myanmar is one of the world's largest producers and exporters of rice. Rice is a staple food that is exported in large quantities to various countries.

Countries like China, Philippines, and countries in Africa are the main destinations for rice exports from Myanmar.

Read Also: Import Export Commodities of Brunei Darussalam

4. Women's and Girls' Clothing 

Clothing products such as coats, ski jackets and other similar items for women and girls are another important export commodity. The textile and garment industry in Myanmar is growing rapidly and produces quality products for the international market. These products are exported to major markets such as the United States and the European Union.

5. Women's Suits and Clothing 

Garments such as suits, jackets, blazers and skirts for women are an important part of Myanmar's garment exports. These products are made from high-quality materials and manufactured according to international standards.

Like other women's clothing, this product is exported to the United States, the European Union and other countries that have high demand for fashion clothing.

6. Corn 

Corn is another major export commodity. Corn is used as food, animal feed, and industrial raw materials. Countries in Southeast Asia and East Asia are the main destinations for Myanmar's corn exports.

Source: Trendeconomy.com 

Myanmar Import Commodities

Myanmar imports a variety of essential commodities that support its domestic and industrial needs. Here are some of Myanmar's main import commodities along with explanations and percentage contributions to total imports:

1. Mineral Fuels, Mineral Oils and Products of Their Refining; Bituminous Substances; Mineral Waxes 

Mineral fuels and mineral oils are Myanmar's largest import commodities. These products include crude oil, diesel and gasoline which are essential to meet domestic energy needs, especially for transportation and industry.

Myanmar imports this fuel from countries such as Singapore, Thailand and Middle Eastern countries which are major suppliers of crude oil and other oil products.

2. Nuclear Reactors, Boilers, Machinery and Mechanical Equipment

Machinery and mechanical equipment includes a wide range of industrial machinery, including boilers and nuclear reactors. These machines are needed for a variety of industrial sectors, from manufacturing to agriculture.

These machines and mechanical equipment are imported from countries such as China, Japan and Germany which are major producers of high quality mechanical equipment.

3. Electrical Machines and Equipment and Parts Thereof; Sound Recorders and Reproducers, Television Image and Sound Recorders and Reproducers, and Parts and Accessories of Such Goods 

These products include electrical, electronic equipment and related accessories used in various sectors, including household and industrial. These goods include televisions, voice recorders and other electronic devices.

Myanmar imports these electrical and electronic equipment from countries such as China, South Korea and Japan which are known for their advanced electronic technology.

Read Also: List of Currency Names in Asian Countries with Their Exchange Rates

4. Animal, Vegetable or Microbial Fats and Oils and Their Decomposition Products; Edible Processed Fats; Animal or Vegetable Waxes 

These fats and oils include vegetable oils such as palm oil, sunflower oil, and soybean oil which are used in the food and processing industries.

These oils and fats are imported from major producing countries such as Indonesia and Malaysia which is the largest exporter of palm oil.

5. Iron and Steel

Iron and steel are used in the construction and manufacturing sectors to make a variety of products, from building structures to machinery and heavy equipment.

Myanmar imports iron and steel from countries such as China, South Korea and India which have large iron and steel industries.

6. Fertilizer

Fertilizers are essential for Myanmar’s large agricultural sector. They include various types, such as nitrogen, phosphate, and potassium fertilizers that increase agricultural productivity.

Fertilizers are imported from countries such as China, Russia, and countries in the Middle East which are major producers of fertilizers.

Source: Trendeconomy.com

With strong international trade dynamics, Myanmar continues to strive to enhance its role in the global market. The balance between exports of leading commodities and imports of goods that support domestic economic development, helps Myanmar achieve sustainable economic growth.