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Export Market

Myanmar

ISO: MM / MMR

Country Profile

Capital Naypyidaw
Population 51.3M
GDP $74.1B (2024)
GDP per Capita $1,359
Income Level Lower-Middle Income
Currency Burmese kyat (MMK Ks)
Language Burmese
Timezone UTC+06:30
Region Asia · South-Eastern Asia

Trade Partners

Myanmar Exports To

  • China 32.0%
  • Thailand 16.0%
  • Japan 7.0%
  • Germany 6.0%
  • India 5.0%

Key exports: garments, natural gas, dried legumes, rare-earth metal compounds, precious stones (2023)

Myanmar Imports From

  • China 40.0%
  • Thailand 18.0%
  • Singapore 15.0%
  • Indonesia 4.0%
  • Malaysia 4.0%

Key imports: refined petroleum, synthetic fabric, fertilizers, crude petroleum, fabric (2023)

Economic Overview

slowly recovering Southeast Asian economy; household incomes weaken domestic consumption; growing trade deficit; declining employment; high inflation and reduced currency power; agriculture sector remains most stable 

Government: military regime

UK Trade Status

No FTA

There is currently no free trade agreement between the UK and Myanmar. Standard WTO terms apply.

Trade Barriers

4 active barriers affecting UK exporters

Lack of regulation for UK Higher Education course in Myanmar

There is currently no regulation stipulating which international course offered by UK Higher Education (HE) or Technical and Vocational Education and Training institutions (TVET) are recognised, or which local partners these institutions can collaborate with. Partnerships are increasing but the …

Sectors: Education and training

Reported: 11 Jun 2019

Restrictions on spirit exports to Myanmar

Previously, only 5 star hotels and duty-free outlets could import spirits to Myanmar. In May 2020, this was partially resolved due to legislation being passed that would allow limited retail sales. However, the procedure for obtaining necessary licences is still …

Sectors: Food and drink

Reported: 22 May 2019

Lack of market entry for overseas businesses in Myanmar's railway sector

The railway sector in Myanmar tends to be dominated by a large state-owned enterprise, making it challenging for overseas businesses to enter the market. Myanmar is very keen to develop its tourism sector post-COVID-19 and there will be further opportunities …

Sectors: Railways

Reported: 5 Apr 2019

Banking restrictions for overseas businesses in Myanmar

Overseas businesses cannot open fully operational clearing bank accounts at local or international banks. This can cause logistical challenges and incur additional charges for a business. Overseas businesses can only transfer funds in or out of the country, with most …

Sectors: Financial and professional services

Reported: 5 Apr 2019

Geographic Region

Asia Pacific

Trading Bloc Memberships

Myanmar is a member of the following trade agreements and economic blocs.

ASEAN Association of Southeast Asian Nations Economic Union RCEP Regional Comprehensive Economic Partnership Trade Agreement

Export Guidance

Relevant guidance for exporting to Myanmar.

Start Your Export Journey

Export to the EU after Brexit Start exporting from the UK Manage your export compliance

Also in This Region

🇦🇺 Australia FTA 🇧🇳 Brunei 🇰🇭 Cambodia 🇫🇯 Fiji FTA 🇮🇩 Indonesia 🇯🇵 Japan FTA 🇱🇦 Laos 🇲🇾 Malaysia

Official Resources

Government export support for Myanmar.

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