![]() The leading decliner among Myanmar’s top 10 export categories was mineral fuels including oil thanks to its -23.3% drop year over year.įrom the more granular four-digit Harmonized Tariff System code level, petroleum gases represent Myanmar’s most valuable exported product accounting for 19.9% of the country’s total. Myanmar’s shipments of vegetables posted the third-fastest gain in value up by 28.3%. In second place for improving export sales was oil seeds via a 36.7% gain. Machinery including computers was the fastest grower among the top 10 export categories, up by 262.8% from 2019 to 2020. ![]() Machinery including computers: $628.8 million (3.7%)īy value, Myanmar’s top 10 exports accounted for 82.6% of the overall value of its global shipments.Knit or crochet clothing, accessories: $1.16 billion (6.9%).Clothing, accessories (not knit or crochet): $3.4 billion (20.2%).Mineral fuels including oil: US$3.4 billion (20.2% of total exports).Also shown is the percentage share each export category represents in terms of overall exports from Myanmar. The following export product groups represent the highest dollar value global shipments from Myanmar during 2020. Myanmar’s population in 2020 was 53.2 million people, resulting in an average $320 in exported goods per resident. Tinier percentages went to Africa (0.8%), Oceania led by Australia (0.22%) then Latin America excluding Mexico but including the Caribbean (0.18%). Myanmar shipped another 5.7% worth of goods to North America. The latest available country-specific data shows that 86.2% of products exported from Myanmar were bought by importers in: China (31.8% of the global total), Thailand (17.8%), Japan (7.3%), United States (5.1%), Singapore (4.1%), India (4.1%), Germany (3.5%), Spain (3.1%), United Kingdom (2.9%), South Korea (2.6%), Netherlands (also 2.6%) and Belgium (1.3%).įrom a continental perspective, 74.3% of Myanmar’s exports by value were delivered to fellow Asian countries while 18.7% were sold to importers in Europe. Combined, Myanmar’s 5 most valuable exports accounted for 45.8% of the country’s overall exports. ![]() The 5 biggest exported goods from Myanmar by value are petroleum gases, unknitted and non-crocheted men’s suits or trousers, dried shelled vegetables, unknitted and non-crocheted women’s clothing and refined copper. Myanmar’s stronger local currency since 2019 made the Southeast Asian nation’s exports paid for in weaker US dollars relatively more expensive for international buyers in the most recent year. That dollar amount reflects from a 45% gain since 2016 but a -6.5% downtick from 2019 to 2020.īurma is another name often used to refer to Myanmar.īased on the average exchange rate for 2020, the Myanmar kyat has depreciated by -11.9% against the US dollar since 2016 but increased by 9% from 2019 to 2020. By Wikimedia CommonsA sovereign state in Southeast Asia, the Republic of the Union of Myanmar shipped US$16.9 billion worth of goods around the globe in 2020.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |