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Myanmar (Burma)

Burma (Myanmar) ranked No. 105 in total trade value through October with a total of $610.9 million. Exports totaled $214.28 million and Imports totaled $396.62 million, a deficit of $182.33 million.

January – October 2018

Top Trading Ports

Total Trade: $610.9 million

RankPortTotal YTD
1Port of Los Angeles $186,440,140
2Port of Newark $79,511,382
3John F. Kennedy International Airport $56,549,397
4Port of Savannah, Ga. $38,465,841
5Port of Houston $36,769,633
6Port of Long Beach $29,604,805
7Port of Jacksonville, Fla. $26,666,804
8Port of Virginia $20,933,049
9Port of New York $11,941,891
10Chicago O’Hare International Airport $11,847,701

U.S. trade with Myanmar (Burma) rose to $610.9 million through October

Myanmar (Burma)’s trade with the United States rose to $610.9 million through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 27.31 percent above its total trade during the same time period last year. Myanmar (Burma)’s exports increased 20.28 percent while imports rose 31.46 percent. The U.S. deficit with Myanmar (Burma) was $182.33 million.

Through October, 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 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 Seattle-Tacoma International Airport No. 4 Los Angeles International Airport and No. 5 John F. Kennedy International Airport. In the current time period, the top five accounted for 65.11 percent of Myanmar (Burma)’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Los Angeles rose 38.81 percent to $186.44 million.
    Exports rose 117.67 percent to $56.07 million. Imports rose 20.1 percent to $130.37 million.
  • Trade with No. 2 Port of Newark rose 55.89 percent to $79.51 million.
    Exports rose 146.57 percent to $2.04 million. Imports rose 54.39 percent to $77.47 million.
  • Trade with No. 3 John F. Kennedy International Airport rose 108.77 percent to $56.55 million.
    Exports fell 28.41 percent to $2.63 million. Imports rose 130.29 percent to $53.92 million.
  • Trade with No. 4 Port of Savannah, Ga. rose 84.57 percent to $38.47 million.
    Exports rose 22.09 percent to $9.74 million. Imports rose 123.3 percent to $28.73 million.
  • Trade with No. 5 Port of Houston rose 334.75 percent to $36.77 million.
    Exports rose 348.44 percent to $36.08 million. Imports rose 66.97 percent to $686,706.

Myanmar (Burma) ranked No. 105 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 112.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Myanmar (Burma) by value through October were the categories of Soybean oilcake, other solid residue, not ground; Polymers of vinyl chloride; Flour, meal of oil seed, olea fruit; Plastics; and Sugar and starch residues, respectively. They accounted for 48.14 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 TV cameras, digital cameras, camcorders –– accounted for 48.69 percent of all inbound shipments.

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

  • Soybean oilcake, other solid residue, not ground rose 110.79 percent compared to last year to $39.4 million.
  • Polymers of vinyl chloride rose 1404.56 percent compared to last year to $18.03 million.
  • Flour, meal of oil seed, olea fruit rose 159.5 percent compared to last year to $17.33 million.
  • Plastics rose 180.38 percent compared to last year to $16.1 million.
  • Sugar and starch residues rose 148.02 percent compared to last year to $12.3 million.

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

  • Travel goods, including handbags, wallets, jewelry rose 27.07 percent compared to last year to $82.34 million.
  • Precious stones rose 162.8 percent compared to last year to $43.83 million.
  • Garments, of felt rose 120.44 percent compared to last year to $28.18 million.
  • Women’s or girls’ suits, not knit rose 23.96 percent compared to last year to $21.88 million.
  • TV cameras, digital cameras, camcorders fell 14.71 percent compared to last year to $16.87 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.