Myanmar recorded a trade deficit of 431.30 USD Million in March of 2020.

Balance of Trade in Myanmar averaged -208.39 USD Million from 2010 until 2020, reaching an all time high of 593.30 USD Million in August of 2011 and a record low of -948.50 USD Million in July of 2015. This page provides - Myanmar Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Myanmar Balance of Trade - values, historical data and charts - was last updated on October of 2020.

Balance of Trade in Myanmar is expected to be -90.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Myanmar to stand at -90.00 in 12 months time. In the long-term, the Myanmar Balance of Trade is projected to trend around 30.00 USD Million in 2021, according to our econometric models.

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Myanmar Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-431.30 -190.70 593.30 -948.50 2010 - 2020 USD Million Monthly

Myanmar Trade Last Previous Highest Lowest Unit
Balance of Trade -431.30 -190.70 593.30 -948.50 USD Million [+]
Current Account -3592.00 -3104.50 1963.00 -3592.00 USD Million [+]
Current Account to GDP -2.00 -2.00 6.80 -14.80 percent [+]
Imports 1947.30 1693.70 2053.40 334.20 USD Million [+]
Exports 1516.00 1503.00 1799.10 502.60 USD Million [+]
Foreign Direct Investment 734.89 292.13 3821.91 3.14 USD Million [+]
Tourist Arrivals 408182.00 433951.00 450541.00 125085.00 [+]
Terrorism Index 5.51 5.92 5.92 3.45 [+]
Crude Oil Production 10.00 10.00 23.00 8.00 BBL/D/1K [+]
Gold Reserves 7.30 7.30 7.30 7.18 Tonnes [+]

Myanmar Balance of Trade
Myanmar had been trading mostly with neighboring countries due to political circumstances and poor infrastructure, but the change to democracy is likely to allow access to new markets. Oil and natural gas dominate Myanmar's exports. Other exports include vegetables, wood, fish, clothing, rubber and fruits. Myanmar mainly imports fuel, vegetable oil, vehicles, pharmaceutical products, construction equipment, polymers, tires and machinery. Myanmar's main trading partners are China, India, Japan, Indonesia, Germany and Hong-Kong..