what was the main export products of burma

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. The main export markets of Myanmar marine products are Asian countries such as China, South Korea and Japan. 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. In one of today’s final rules, BIS removes Burma from Country Group B and places it in Country Group D:1. To sign up for updates or to access your subscriber preferences, please enter your contact information below. CountryReports - Your World Discovered! Official websites use .gov 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. Burma Exports. 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. 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 - (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. Petroleum Gas ($5.62B), Non-Knit Women's Coats ($976M), Refined Copper ($893M), Raw Sugar ($652M), and Non-Knit Men's Coats ($592M), Imports in Myanmar decreased to 1408.10 USD Million in August from 1409.40 USD Million in July of 2020. 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 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. In 2017-18, Myanmar exported just over 570,000 tonnes of fisheries worth US$712 million, the highest amount in history. Share sensitive information only on official, secure websites.. Additional license requirements apply to exports, re-exports, and transfers (in-country) of items subject to the EAR to listed entities, and the availability of most license exceptions is limited. Burma was once Asia's largest exporter of rice, and rice remains the country's most crucial agricultural commodity. Discusses key economic indicators and trade statistics, which countries are dominant in the market, the U.S. market share, the political situation if relevant, the top reasons why U.S. companies should consider exporting to this country, and other issues that affect trade, e.g., terrorism, currency devaluations, trade agreements. This rule also subjects Burma to ‘military end use’ and ‘military end user’ restrictions under the EAR, resulting in a license requirement for exports and reexports of certain items intended for military use or users and allowing military end users to be identified through the ‘Military End-User List’ in Supplement No. Please note the exports, imports and tariff data are based on reported data and not gap filled. Burma’s economic freedom score is 54.0, making its economy the 141st freest in the 2020 Index. in US$ Thousand 2018. Export products include rice, oil, Burmese teak, rubies, jade, and also 8% of the world's total illegal drugs, mostly opium and methamphetamines. U.S. exports to Burma by 5-digit End-Use code. 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. A guide for British businesses who are interested in developing their overseas trade and doing business in Myanmar. 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. While some areas suffer from too much rain, other regions receive too little. 7 to Part 744 of the EAR. 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. 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. Details may not equal totals due to rounding. An official website of the United States government. Other exports include vegetables, wood, fish, clothing, rubber and fruits. 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. 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. 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. Myanmar is a sovereign state in Southeast Asia and rich with jade and gems, oil, natural gas and other mineral resources. By 1988, modern varieties were planted on half of the country's rice fields, including 98% of th… 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. 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. These include user registration, clearance of goods, cargo management, payment, information technology, and the helpdesk. 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