Exports in Myanmar

Myanmar Exports | Economic News & Forecasts

Myanmar - Exports

GDP cratered in FY 2021; our panelists estimate that the economy contracted 18.3% due to last year’s coup and the pandemic. Going into FY 2022, activity has likely begun to stabilize, especially in the manufacturing and export sectors, amid a fall in Covid-19 cases, a stabilizing currency and a favorable base effect. Despite remaining in contractionary territory, the Manufacturing PMI increased in October–December. Nonetheless, momentum likely remains tepid amid increasingly widespread anti-junta insurgency. The PMI reversed its October–December gains in January–March amid shortages of power, cash and raw materials. In addition, cumulative data from the Ministry of Commerce suggests that exports are down year on year so far in the current fiscal year, pointing to a subdued external sector. Multinational firms continue to dash for the exit door, suggesting significantly reduced investment.

Myanmar - Exports Data

2015   2016   2017   2018   2019  
Exports (USD billion)10.0  9.2  9.8  11.1  -     

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Myanmar Facts

Value Change Date
Bond Yield16.000.0 %Oct 15
Exchange Rate1,4760.0 %Jan 01

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