Myanmar recorded a trade deficit of 310.20 USD Million in October of 2018. Balance of Trade in Myanmar averaged -222.22 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 -413.00 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 -310.20 -2.40 593.30 -948.50 USD Million [+]
Current Account -5738.00 -1406.00 1963.00 -5738.00 USD Million [+]
Current Account to GDP -2.00 -4.70 6.80 -14.80 percent [+]
Imports 1489.40 1628.34 1972.90 334.20 USD Million [+]
Exports 1179.20 1614.98 1760.70 502.60 USD Million [+]
Foreign Direct Investment 434.89 245.67 3821.91 3.14 USD Million [+]
Tourist Arrivals 363154.00 343766.00 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 June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-310.20 -2.40 593.30 -948.50 2010 - 2018 USD Million Monthly

Country Last Previous
Argentina 1131.00 Apr/19
Australia 4871.00 Apr/19
Brazil 6422.00 May/19
Canada -966.20 Apr/19
China 416.58 May/19
Euro Area 15671.60 Apr/19
France -4981.00 Apr/19
Germany 17900.00 Apr/19
India -15360.00 May/19
Indonesia 207.60 May/19
Italy 2884.57 Apr/19
Japan -967.11 May/19
Mexico 1370.00 Apr/19
Netherlands 4154.00 Apr/19
Russia 13705.00 Apr/19
Saudi Arabia 180059.00 Dec/18
Singapore 3962.64 May/19
South Africa -3427.45 Apr/19
South Korea 2271.00 May/19
Spain -1605300.00 Apr/19
Switzerland 1654.00 May/19
Turkey -2982.01 Apr/19
United Kingdom -2740.00 Apr/19
United States -50791.00 Apr/19