Myanmar (Burma)

Burma (Myanmar) ranked No. 82 in total trade value through May with a total of $599.21 million. Exports totaled $171.04 million and Imports totaled $428.17 million, a deficit of $257.14 million.

U.S. trade with Myanmar (Burma) rose to $498.51 million through May

Myanmar (Burma)’s trade with the United States rose to $498.51 million through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 54.15 percent above its total trade during the same time period last year. U.S. exports to Myanmar (Burma) increased 39.04 percent while U.S. imports from Myanmar (Burma) rose 61.46 percent. The U.S. deficit with Myanmar (Burma) was $205.23 million.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Los Angeles; No. 2 Port of Newark; No. 3 Port of Savannah, Ga.; No. 4 Port of Long Beach; and No. 5 Port of Houston. During the same period the previous year, the top five were No. 1 Port of Los Angeles; No. 2 Port of Newark; No. 3 John F. Kennedy International Airport; No. 4 Port of Savannah, Ga. and No. 5 Port of Long Beach. In the current time period, the top five accounted for 64.75 percent of Myanmar (Burma)’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Los Angeles rose 60.65 percent to $200.11 million.
    Exports rose 28.96 percent to $38.54 million. Imports rose 70.66 percent to $161.58 million.
  • Trade with No. 2 Port of Newark rose 51.38 percent to $83.11 million.
    Exports rose 26.16 percent to $1.96 million. Imports rose 52.11 percent to $81.15 million.
  • Trade with No. 3 Port of Savannah, Ga. rose 82.94 percent to $44.99 million.
    Exports rose 275.6 percent to $17.58 million. Imports rose 37.65 percent to $27.41 million.
  • Trade with No. 4 Port of Long Beach rose 81.69 percent to $34.81 million.
    Exports rose 18.84 percent to $13.09 million. Imports rose 166.62 percent to $21.72 million.
  • Trade with No. 5 Port of Houston rose 47.25 percent to $24.99 million.
    Exports rose 31.28 percent to $21.24 million. Imports rose 371.84 percent to $3.76 million.

Myanmar (Burma) ranked No. 82 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 95.

Meanwhile, total U.S. trade with the world increased to $1.48 trillion, down 64.27 percent compared to the same period last year. The nation’s exports dropped 64.62 percent to $582.11 billion; imports dropped 64.04 percent to $898.44 billion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $316.33 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Myanmar (Burma) by value through May were the categories of Soybean oilcake, other solid residue, not ground; Wheat; Passenger vehicles; Non-woven fabric; and Flour, meal of oil seed, olea fruit, respectively. They accounted for 55.16 percent of total exports to Myanmar (Burma).

The value of the top five categories of U.S. imports from Myanmar (Burma) –– Travel goods, including handbags, wallets, jewelry; Garments, of felt; Women’s or girls’ suits, not knit; Athletic, other textile shoes; and Plastic boxes, containers –– accounted for 51.12 percent of all inbound shipments.

Looking more closely at U.S. exports to Myanmar (Burma):

  • Soybean oilcake, other solid residue, not ground rose 50.17 percent compared to last year to $38.88 million.
  • Wheat rose 67.69 percent compared to last year to $20.12 million.
  • Passenger vehicles rose 124.21 percent compared to last year to $12.59 million.
  • Non-woven fabric rose 683.25 percent compared to last year to $12 million.
  • Flour, meal of oil seed, olea fruit rose 70.13 percent compared to last year to $10.75 million.

Looking more closely at U.S. imports from Myanmar (Burma):

  • Travel goods, including handbags, wallets, jewelry rose 110.8 percent compared to last year to $153.96 million.
  • Garments, of felt rose 73.15 percent compared to last year to $19.63 million.
  • Women’s or girls’ suits, not knit rose 14.06 percent compared to last year to $17.06 million.
  • Athletic, other textile shoes rose 28.97 percent compared to last year to $14.66 million.
  • Plastic boxes, containers rose 64.87 percent compared to last year to $13.56 million.

In the latest annual figures available, Myanmar (Burma) recorded $1.17 billion in trade with the United States. Total U.S. exports to Myanmar (Burma) were $ 344.99 million and imports from Myanmar (Burma) were $820.54 million. The U.S. deficit with Myanmar (Burma) was $475.56 million.