Myanmar recorded a trade deficit of 38.20 USD Million in February of 2019. Balance of Trade in Myanmar averaged -218.36 USD Million from 2010 until 2019, 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 10.00 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 -170.00 in 12 months time. In the long-term, the Myanmar Balance of Trade is projected to trend around 30.00 USD Million in 2020, according to our econometric models.

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Myanmar Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-38.20 12.20 593.30 -948.50 2010 - 2019 USD Million Monthly

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..

Myanmar Trade Last Previous Highest Lowest Unit
Balance of Trade -38.20 12.20 593.30 -948.50 USD Million [+]
Current Account -3592.00 -3104.50 1963.00 -3592.00 USD Million [+]
Current Account to GDP -2.00 -4.70 6.80 -14.80 percent [+]
Imports 1392.80 1567.70 1972.90 334.20 USD Million [+]
Exports 1354.60 1579.90 1760.70 502.60 USD Million [+]
Foreign Direct Investment 447.59 454.37 3821.91 3.14 USD Million [+]
Tourist Arrivals 367733.00 380172.00 450541.00 125085.00 [+]
Gold Reserves 7.27 7.27 7.30 7.18 Tonnes [+]
Terrorism Index 5.51 5.92 5.92 3.45 [+]