Myanmar recorded a trade deficit of 13.36 USD Million in September of 2018. Balance of Trade in Myanmar averaged -225.46 USD Million from 2010 until 2018, 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.

Balance of Trade in Myanmar is expected to be -510.00 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 -150.00 in 12 months time. In the long-term, the Myanmar Balance of Trade is projected to trend around -170.00 USD Million in 2020, according to our econometric models.

Myanmar Balance of Trade
Forecast Data Chart
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Myanmar Trade Last Previous Highest Lowest Unit
Balance of Trade -13.36 -163.95 593.30 -948.50 USD Million [+]
Current Account -5738.00 -1406.00 1963.00 -5738.00 USD Million [+]
Current Account to GDP -8.60 -2.20 6.80 -14.80 percent [+]
Imports 1628.34 1787.03 1972.90 334.20 USD Million [+]
Exports 1614.98 1623.08 1760.70 502.60 USD Million [+]
Foreign Direct Investment 346.95 176.02 3821.91 3.14 USD Million [+]
Tourist Arrivals 263114.00 297403.00 450541.00 125085.00 [+]
Gold Reserves 7.30 7.30 7.30 7.18 Tonnes [+]
Crude Oil Production 11.00 11.00 23.00 8.00 BBL/D/1K [+]
Terrorism Index 5.92 4.96 5.92 3.45 [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category

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.. This page provides - Myanmar Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Myanmar Balance of Trade - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-13.36 -163.95 593.30 -948.50 2010 - 2018 USD Million Monthly

Country Last Previous
Argentina 1369.00 Dec/18
Australia 3681.00 Dec/18
Brazil 2190.00 Jan/19
Canada -2060.10 Nov/18
China 391.60 Jan/19
Euro Area 16990.70 Dec/18
France -4653.00 Dec/18
Germany 13900.00 Dec/18
India -14730.00 Jan/19
Indonesia -1159.50 Jan/19
Italy 3658.00 Dec/18
Japan -55.29 Dec/18
Mexico 1836.32 Dec/18
Netherlands 3572.00 Dec/18
Russia 18856.00 Dec/18
Saudi Arabia 184673.00 Sep/18
Singapore 1943.12 Dec/18
South Africa 17167.41 Dec/18
South Korea 1336.00 Jan/19
Spain -2568800.00 Nov/18
Switzerland 1787.14 Dec/18
Turkey -2674.41 Dec/18
United Kingdom -3229.00 Dec/18
United States -49313.00 Nov/18