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Myanmar (Burma)

Burma (Myanmar) ranked No. 97 in total trade value through August with a total of $676.37 million. Exports totaled $195.14 million and Imports totaled $481.23 million, a deficit of $286.08 million.

January – August 2019

Top Trading Ports

Total Trade: $676.37 million

RankPortTotal YTD
1Port of Los Angeles $227,409,847
2Port of Newark $101,604,300
3John F. Kennedy International Airport $40,869,184
4Port of Savannah, Ga. $38,433,212
5Port of Long Beach $32,156,118
6Port of Houston $31,426,791
7Port of Jacksonville, Fla. $25,049,895
8Port of Virginia $22,466,742
9Los Angeles International Airport $14,660,890
10Dallas-Fort Worth International Airport, Texas $13,669,496

U.S. trade with Myanmar (Burma) rose to $676.37 million through August

Myanmar (Burma)’s trade with the United States rose to $676.37 million through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 43.46 percent above its total trade during the same time period last year. U.S. exports to Myanmar (Burma) increased 13.13 percent while U.S. imports from Myanmar (Burma) rose 60.96 percent. The U.S. deficit with Myanmar (Burma) was $286.08 million.

Through August, 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 John F. Kennedy International Airport; No. 4 Port of Savannah, Ga.; and No. 5 Port of Long Beach. 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 65.12 percent of Myanmar (Burma)’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Los Angeles rose 54.71 percent to $227.41 million.
    Exports fell 1.42 percent to $48.52 million. Imports rose 82.97 percent to $178.89 million.
  • Trade with No. 2 Port of Newark rose 85.84 percent to $101.6 million.
    Exports rose 40.05 percent to $2.42 million. Imports rose 87.33 percent to $99.19 million.
  • Trade with No. 3 John F. Kennedy International Airport fell 15.78 percent to $40.87 million.
    Exports rose 16.51 percent to $2.72 million. Imports fell 17.41 percent to $38.15 million.
  • Trade with No. 4 Port of Savannah, Ga. rose 25.79 percent to $38.43 million.
    Exports fell 6.44 percent to $6.35 million. Imports rose 35 percent to $32.08 million.
  • Trade with No. 5 Port of Long Beach rose 31.8 percent to $32.16 million.
    Exports fell 6.19 percent to $17.51 million. Imports rose 155.42 percent to $14.65 million.

Myanmar (Burma) ranked No. 97 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 104.

Meanwhile, total U.S. trade with the world increased to $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Myanmar (Burma) by value through August were the categories of Soybean oilcake, other solid residue, not ground; Plastics; Wheat; Civilian aircraft, parts; and Sugar and starch residues, respectively. They accounted for 49.64 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; Precious stones; Garments, of felt; Women’s or girls’ suits, not knit; and Shrimp, other crustaceans –– accounted for 47.36 percent of all inbound shipments.

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

  • Soybean oilcake, other solid residue, not ground rose 4.65 percent compared to last year to $38.65 million.
  • Plastics rose 82.94 percent compared to last year to $23.86 million.
  • Wheat rose 156.55 percent compared to last year to $13.11 million.
  • Civilian aircraft, parts rose 223.44 percent compared to last year to $11.05 million.
  • Sugar and starch residues rose 16.27 percent compared to last year to $10.2 million.

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

  • Travel goods, including handbags, wallets, jewelry rose 95.56 percent compared to last year to $122.82 million.
  • Precious stones fell 13.39 percent compared to last year to $32.66 million.
  • Garments, of felt rose 60.95 percent compared to last year to $29.03 million.
  • Women’s or girls’ suits, not knit rose 25.6 percent compared to last year to $22.84 million.
  • Shrimp, other crustaceans rose 66.3 percent compared to last year to $20.55 million.

In the latest annual figures available, Myanmar (Burma) recorded $577.16 million in trade with the United States. At year’s end, its were Los Angeles; New York City; Seattle; Jacksonville/Tampa; and Atlanta/Savannah. Total U.S. exports to Myanmar (Burma) were $ 211.08 million and imports from Myanmar (Burma) were $366.07 million. The U.S. deficit with Myanmar (Burma) was $154.99 million.