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Home >> World Economy >> Myanmar Export, Import and Trade

Myanmar Export, Import and Trade

Myanmar trade of gas

A significant part of Myanmar export, import and trade is gas. Through Myanmar export of gas this Asian country earns significant amount of revenue on a monthly basis. As per Myanmar export, import and trade statistics this amount is in region of $150 million.

Recent Myanmar export, import and trade reports have however proven that even revenue earned from Myanmar exports has gone down to a significant extent. In fact this amount has been reduced to 50 percent of what it used to be.

Myanmar export of fisheries

In 2008 fiscal Myanmar export of fisheries had experienced a loss to tune of 46 percent. This has prompted national government, as per news on Myanmar import and export, to scale down its export targets to $700 million.

As per statistics revealed by Department of Fisheries products worth as much as $1 million are being exported on a per day basis. As per 28th April 2009 fisheries products worth $19 million have been exported. As per expectations of officials in Department of Fisheries they would be able to realize $23 million in this initial month of 2009-10 financial year itself.

Recently Myanmar Department of Fisheries has issued a few limits on coverage provided by Burmese media regarding export data of their products. These new restrictions would necessitate media to seek permission from this body before coming out with export statistics.

Myanmar Department of Fisheries has said that this is being done to make sure that authentic facts are reported but Burmese media is saying that this is a step to hide obvious shortcomings in achieving set export targets. As of now national media can only reveal figures without publicizing targets. Some other major Myanmar export items are wood products, cloths, pulses, jade, beans, gems and rice. Its major export partner is Thailand.

Myanmar export of pulses

MMTC, a publicly held global trading establishment in India has issued invitations to importers in India to import toor weighing 5,000 tons from Myanmar. This entire consignment would be sent in a couple of equal halves to ports of Mumbai and Chennai or Kakinada.