What do they trade in 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.
What are the main exports of Myanmar?
Oil and natural gas dominate Myanmar’s exports. Other exports include vegetables, wood, fish, clothing, rubber and fruits. Myanmar’s main exports partners are China, India, Japan, South Korea, Germany, Indonesia and Hong Kong.
What does Myanmar import and export?
Myanmar Exports and Imports of Product Groups 2019
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%. Myanmar Intermediate goods imports are worth US$ 6,137 million, product share of 32.98%.
What are major industries in Myanmar?
Main industries of Myanmar
- agricultural processing.
- wood and wood products.
- copper, tin, tungsten, iron.
- cement, construction materials.
- petroleum and natural gas.
Why is Myanmar so poor?
Due to this, Burma remains a poor country with no improvement of living standards for the majority of the population over the past decade. The main causes for continued sluggish growth are poor government planning, internal unrest, minimal foreign investment and the large trade deficit.