Country / Region. With a population over 97 million, Vietnam offers a bustling economy with robust real Gross Domestic Product (GDP) growth of 7.1 percent in 2018. Burma was once Asia's largest exporter of rice, and rice remains the country's most crucial agricultural commodity.  Table reflects only those months for which there was trade. The Commerce Department’s Bureau of Industry and Security (BIS) has implemented new restrictions on exports and reexports to Burma, and transfers (in-country) within Burma, of sensitive items subject to the Export Administration Regulations (EAR) in response to the military coup and escalating violence against peaceful protesters. Through collaboration with the International Rice Research Institute (IRRI), 52 modern ricevarieties were released in the country between 1966 and 1997, helping increase national rice production to 14 million tons in 1987 and to 19 million tons in 1996. Given Myanmar’s five decades of isolation, there is a need for a wide array of product and services across multiple sectors.  U.S. products, brands and services are viewed favorably by Myanmar society and businesses.  The Commercial Service Myanmar is regularly approached by local companies actively seeking U.S. suppliers in various sectors. The World Bank projects economic growth will be 6.2 percent in FY 2018-2019 (a slight decrease in previous years’ projections).  Myanmar’s economic policy continues to emphasize the following: new opportunities for private sector participation, boosting job creation, development of three special economic zones (SEZs) and promoting foreign investment by welcoming foreign companies into the country for fair market competition to speed up and sustain economic growth. Grapefruit Wine Grapefruit Wine is made by Kachin State, Putao region’s mix products of natural organic grape juice and sugarcane. Official websites use .gov U.S. exports to Vietnam reached a record $4.0 billion in 2018, making Vietnam the seventh-largest destination for U.S. agricultural products. Imports in Myanmar decreased to 1408.10 USD Million in August from 1409.40 USD Million in July of 2020. Commerce is reviewing potential additional measures as warranted by the military’s actions. In 2017-18, Myanmar exported just over 570,000 tonnes of fisheries worth US$712 million, the highest amount in history. Articles of iron or steel: $675 million (2.8%) Animal/vegetable fats, oils, waxes: $625.2 million (2.6%) Manmade filaments: $583 million (2.4%) Knit or crochet fabric: $551.4 million (2.3%) Myanmar’s top 10 imports accounted for over half (57.4%) of the overall value of its product purchases from other countries. These license exceptions include Shipments of Limited Value (LVS), Shipments to Group B Countries (GBS), and Technology and Software under Restriction (TSR). sec. U.S. exports to Burma by 5-digit End-Use code. Myanmar's economy depends on agriculture for 56% of GDP, services for 35%, and industry for a minuscule 8%. 7 to Part 744 of the EAR. Other exports include vegetables, wood, fish, clothing, rubber and fruits. Table reflects only those months for which there was trade. While some areas suffer from too much rain, other regions receive too little. Much of the population is engaged directly in agricultural pursuits. Myanmar is a sovereign state in Southeast Asia and rich with jade and gems, oil, natural gas and other mineral resources. It further renders end users in Burma ineligible for or subject to further restriction with regard to use of certain license exceptions for exports, reexports, and transfers (in-country). ) or https:// means you’ve safely connected to the .gov website. [Withdrawn] Exporting to Myanmar (Burma) - GOV.UK Cookies on GOV… We will not allow the Burmese military to continue to benefit from access to items subject to the EAR. A lock ( Strengthen U.S. economic and national security, Fulfill constitutional requirements and support economic activity, Deliver customer-centric service excellence, Bureau of Economic Analysis (BEA) Guidance, Bureau of Industry and Security (BIS) Guidance, Economic Development Agency (EDA) Guidance, International Trade Administration (ITA) Guidance, Minority Business Development Agency (MBDA) Guidance, National Institute of Standards and Technology (NIST) Guidance, National Oceanic and Atmospheric Administration (NOAA) Guidance, National Telecommunications and Information Administration (NTIA) Guidance, U.S. Patent and Trademark Office (USPTO) Guidance, Commerce Implements New Export Controls on Burma and Makes Entity List Additions in Response to the Military Coup and Escalating Violence against Peaceful Protesters. A .gov Burma’s economic freedom score is 54.0, making its economy the 141st freest in the 2020 Index. Myanmar is an emerging frontier market, strategically located in Southeast Asia between India and China.  The National League for Democracy (NLD)’s landslide victory in the November 2015 election was a major step forward for Myanmar’s political and economic future.  Recent legislation, such as the Foreign Investment Law and New Companies Law, among other economic reforms continue to advance the country’s economic development. NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Information about the Canada-Myanmar relationship, including bilateral relations, travel, international trade and investment. Myanmar Product Exports by country. In 2018, Myanmar major trading partner countries for exports were China, Thailand, Japan, India and Hong Kong, China and for imports they were China, Singapore, Thailand, India and Indonesia . Myanmar Customs is currently developing an automated cargo clearance system (MACCS) designed to automate a number of areas of customs operations. Myanmar's main exports partners are China, India, Japan, South Korea, Germany, Indonesia and Hong Kong. An official website of the United States government. Simultaneously, the country has shifte… U.S. goods exports to Burma in 2019 were $347 million, up 33.1% ($86 million) from 2018 and up 4,923.0% from 2009. In 2018, the top partner countries to which Myanmar Exports All Products include China, Thailand, Japan, India and Hong Kong, China . Automation of import-export processes by Myanmar Customs. With a rich natural resources base, a population of 53 million, a young labor force and a prime geographic location with regional links to other member countries in the Association of South East Asian Nations (ASEAN) as well as China and India, Myanmar is the subject of great interest from the international business community.  With the termination of U.S. economic sanctions in 2016 and new economic reforms coming on line, now could be the right time for U.S. firms to consider Myanmar as a potential market. The full list of license exceptions impacted by this change is included in the rule on public display in the Federal Register. Exports. BIS has also added to the Entity List four entities - two Burmese military and security services entities responsible for the coup and two commercial entities that are owned and operated by one of those entities. [Excel] or the letters [xls] indicate a document is in the Microsoft® Excel® Spreadsheet Format (XLS). Goods exports totaled $347 million; goods imports totaled $821 million. The U.S. government will continue to hold perpetrators of the coup responsible for their actions.” CountryReports - Your World Discovered! in US$ Thousand 2018. Burma Overview People Government - Politics Geography Economy - Economy - Imports - Exports - Money and Currency - Natural Resources - Technology - Transportation - … A guide for British businesses who are interested in developing their overseas trade and doing business in Myanmar. Further, BIS is applying the license application review policy for national security-controlled exports and reexports to Burma consistently with the policy applied to similar transactions involving the People’s Republic of China, Russia, and Venezuela. It is the 78th largest export economy in the world and Myanmar exported US$11.5 billion worth of goods around the globe in 2016. The largest export by value was natural gas (from two offshore foreign-operated production sites), followed by teak and hardwood, pulses and beans, marine products, garments, metals and ores, and various other agricultural products. Vietnam has also kept the unemployment rate at only 1.9 percent, maintained stable inflation near 3 percent, and kept more than 90 percent of its population above the national poverty line. This action restricts the export and reexport of items subject to the EAR to the Burmese Ministry of Defence and the Burmese Ministry of Home Affairs, the entities responsible for the coup, and to two commercial entities owned and operated by the Ministry of Defence and that provide it revenue. Petroleum Gas ($5.62B), Non-Knit Women's Coats ($976M), Refined Copper ($893M), Raw Sugar ($652M), and Non-Knit Men's Coats ($592M), As ASEAN’s poorest country, the Myanmar market tends to get overlooked.  While operating in Myanmar is challenging, one positive aspect is the market is not saturated.  There is not always strong competition across sectors.  Local knowledge and market positioning can be gained by early movers and can provide a significant competitive advantage. Mineral fuels including oil: US$4.4 billion (22.9% of total exports) [PDF] or denotes a file in Adobe’s Portable Document Format.To view the file, you will need the Adobe® Reader® available free from Adobe. President Obama announced the National Export Initiative (NEI) in his 2010 State of the Union address with the goal of doubling American exports by 2014. The Department of Commerce released the following statement: “The United States remains fully committed to the people of Burma, and strongly condemns violence by the Burmese military against peaceful protesters. The major commodities exported by Myanmar are as follows: Natural gas Wood products Pulses and beans Fish Rice Clothing Jade and gems Discusses key economic indicators and trade statistics, which countries are dominant in the market, the U.S. market share, the political situation if relevant, the top reasons why U.S. companies should consider exporting to this country, and other issues that affect trade, e.g., terrorism, currency devaluations, trade agreements. The Entity List is a tool utilized by BIS to restrict the export, re-export, and transfer (in-country) of items subject to the EAR to persons (individuals, organizations, companies) reasonably believed to be involved, or to pose a significant risk of becoming involved, in activities contrary to the national security or foreign policy interests of the United States. NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified.  Details may not equal totals due to rounding. Infodriveindia presents detailed analaysis of India Imports from Myanmar with detailed break up at major HS codes, products and ports. For more information, visit www.bis.doc.gov. The U.S. government maintains a suspension of all licenses and other approvals to export/transfer defense articles or services to Myanmar under section 38 of the Arms Export Control Act (22 U.S.C. Burma - (Myanmar) Market OverviewBurma - Market Overview Discusses key economic indicators and trade statistics, which countries are dominant in the market, the U.S. market share, the political situation if relevant, the top reasons why U.S. companies should consider exporting to this country, and other issues that affect trade, e.g., terrorism, currency devaluations, trade agreements. Secure .gov websites use HTTPS Oil and natural gas dominate Myanmar's exports. [1] Other main crops include pulses , beans , sesame , groundnuts , sugarcane , lumber , and fish . Foreign Safeguard Activity Involving U.S. Exports, Burma - Using an Agent to Sell U.S. Products and Services, Burma - Limitations on Selling U.S. Products and Services, Burma - Financial Services / Financial Technology Overview, Burma - Import Requirements and Documentation, Burma - Licensing Requirements for Professional Services, Burma - U.S. Banks and Local Corresponent Banks. In one of today’s final rules, BIS removes Burma from Country Group B and places it in Country Group D:1. Imports in Myanmar averaged 1255.18 USD Million from 2010 until 2020, reaching an all time high of 2053.40 USD Million in January of 2020 and a record low of 334.20 USD Million in October of 2010. Compare Exports by Country The major agricultural produce is rice which covers about 60% of the country's total cultivated land area. Please note the exports, imports and tariff data are based on reported data and not gap filled. The list of certificates primarily focuses on major U.S exported products such as soybeans and soybean meal, wheat products, dried distillers grains with solubles, meat and poultry products, fruits and vegetables, other grocery items, and seeds. U.S. Embassy Rangoon is committed to supporting American companies that are interested in starting or growing their exports to Burma. Further, BIS is applying the license application review policy for national security-controlled exports and reexports to Burma consistently with the policy applied to similar transactions involving the People’s Republic of China, Russia, and Venezuela. Myanmar - Myanmar - Economy: Myanmar’s economy, based on the kyat (the national currency), is one of the least developed of the region and is basically agricultural. Additional license requirements apply to exports, re-exports, and transfers (in-country) of items subject to the EAR to listed entities, and the availability of most license exceptions is limited. Rice, also known as paddy, has been the leading crop product in Myanmar's agriculture with a production value of 25.14 million tons in 2018, followed by sugar cane and dry beans. This report lists the major export certificates required by Burmese government agencies for U.S products exported to Burma. Either name can be used to refer to the country, as the constitution does not mandate either name.  However, the Government of Myanmar only uses Myanmar; that name is featured on all official government letters and documents.Â. Major Kachin products under the National Export Strategy tentatively include rice, corn, mango, rubber, banana, pineapple and tourism. India Exporters Of Burma, India Exporters Of Burma Suppliers and Manufacturers Directory - Source a Large Selection of Exporters Of Burma Products at burma teak timber,burma teak lumber,burma jade beads from India Alibaba.com Applications to export or reexport items to Burma for a 'military end use' or 'military end user' will be reviewed under a presumption of denial. Share sensitive information only on official, secure websites.. These findings are based on India Export Import database of infodriveindia and is based on shipping bills and bills of entry filed at Indian customs. Burma was the United States' 115th largest goods export market in 2019. [3] Agricultural products form the bulk of the export trade and include rice, teak, prawns, beans and pulses, and opiates. Grapefruit Wine is especially good for health, especially if … Burma's agriculture is heavily dependent on the monsoon rains. The U.S. goods trade deficit with Burma was $474 million in 2019. This rule also subjects Burma to ‘military end use’ and ‘military end user’ restrictions under the EAR, resulting in a license requirement for exports and reexports of certain items intended for military use or users and allowing military end users to be identified through the ‘Military End-User List’ in Supplement No. The EU is a big export market as well. The economy of Burma it's exports and custom graphs are provided. The main export market at present is China via border trade, but Myitkyina, the regional government, has ambitions to improve the competitiveness of value chains to break into markets in neighbouring countries and further afield. Applications to export or reexport items to Burma for a 'military end use' or 'military end user' will be reviewed under a presumption of denial. Burma’s major trading partners are Thailand, Singapore, China, India, Malaysia, Japan, and South Korea. By 1988, modern varieties were planted on half of the country's rice fields, including 98% of th… These include user registration, clearance of goods, cargo management, payment, information technology, and the helpdesk. The main export markets of Myanmar marine products are Asian countries such as China, South Korea and Japan. To sign up for updates or to access your subscriber preferences, please enter your contact information below. 2014 : U.S. trade in goods with Burma. Burma Exports. Details may not equal totals due to rounding. Myanmar trade balance, exports and imports by country. This action results in a more restrictive review of license applications for exports and reexports involving items subject to the EAR to any end user in Burma. 2778, as implemented by 22 C.F.R 126.1). website belongs to an official government organization in the United States. Rice accounts for 97% of total food grain production by weight. In an additional final rule, BIS has added the Burmese Ministries of Defence and Home Affairs, the Myanmar Economic Corporation, and the Myanmar Economic Holding Limited to the Entity List. Find Canadian offices and consular services in Myanmar, and information about coming to Canada. Export products include rice, oil, Burmese teak, rubies, jade, and also 8% of the world's total illegal drugs, mostly opium and methamphetamines.
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