Commerce

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Myanmar's total exports, excluding natural gas, grew by on 6.2% per yer from 2000 to 2010. The second largest export item was wood (16%), followed by clothing and accessories (11%).


Total foreign trade (2006-2007 as of 31 March 2007) - US$7.93 billion (a surplus of US$2.09 billion) with US$5.01 billion (exports) and US$2.92 billion (imports).


Top Companies/Exporters (2006-2007)

(1) Myanma Oil and Gas Enterprise (MOGE) - US$2.16 billion (43%) [up from US$1.08 billion in 2005-2006]

(2) Myanma Timber Enterprise (MTE) - US$519 million

(3) Myamma Gems Enterprise (MGE) - US$296.9 million

(4) Myanmar Ivanhoe Copper Co., Ltd. (MICCL) - US$106.6 million

(5) Htoo Trading Co., Ltd. - US$65.1 million

(6) Myawaddy Trading - US$64.3 million

(7) Cooperative Export Import Enterprise - US$50.9 million

(8) Golden Peacock Co., Ltd. - US$33.5 million

(9) KB International Co., Ltd. - US$27.7 million

(10) Myanmar Airways International - US$24.6 million


Top Importers (2006-2007)

(1) Myanmar Petrolchemical Enterprise (MPE) - US$676.3 million

(2) Myanma Oil and Gas Enterprise (MOGE) - US$150.8 million

(3) Myawaddy Trading - US$91.2 million

(4) Myanma Railways - US$54 million

(5) Rothmans of Pall Mall - US$40 million

(6) Myanma Electrical Power Enterprise (MEPE) - US$36.9 million

(7) Cooperative Export Import Enterprise - US$30.6 million

(8) Myanma Posts and Telecommunication - US$27 million

(9) Department of Health - US$20.9 million

(10) US Embassy, Yangon - US$20.7 million


Note: The private sector was more strongly represented (34 of the country's top 50 importers) in imports of smaller quantities.

Bilateral Trade Volume 2006-2007

  • ASEAN partners - US$7.93 billion
  • Thailand - US$2.66 billion (top trading partner)
  • China - US$1.27 billion
  • Singapore - US$1.22 billion
  • India - US$895 million (with US$17 million at the border)
  • Hong Kong - US$424 million
  • South Korea - US$176 million (2005) and US$216 million (2006
  • Brunei - US$800,000

- Exports: forest products, garment, and marine and agricultural products; Imports: steel, industrial machinery, fabrics, electronics and electrical appliances

Note: 90% with Asian countries, 4.8% with European countries, and 1.5% with American countries.

Sources: The Myanmar Times and Business Weekly