Myanmar (Burma)

Burma (Myanmar) ranked No. 84 in total trade value through March with a total of $377.6 million. Exports totaled $108.41 million and Imports totaled $269.19 million, a deficit of $160.78 million.

U.S. trade with Myanmar (Burma) rose to $377.6 million through March

Myanmar (Burma)’s trade with the United States rose to $377.6 million through the first three months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 54 percent above its total trade during the same time period last year. U.S. exports to Myanmar (Burma) increased 39.34 percent while U.S. imports from Myanmar (Burma) rose 60.81 percent. The U.S. deficit with Myanmar (Burma) was $160.78 million.

Through March, 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 Houston; 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 Dallas-Fort Worth International Airport, Texas. In the current time period, the top five accounted for 65.15 percent of Myanmar (Burma)’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Los Angeles rose 78.7 percent to $122.76 million.
    Exports rose 29.29 percent to $21.96 million. Imports rose 94.93 percent to $100.8 million.
  • Trade with No. 2 Port of Newark rose 71.96 percent to $57.1 million.
    Exports fell 2.32 percent to $1.27 million. Imports rose 75 percent to $55.82 million.
  • Trade with No. 3 Port of Savannah, Ga. rose 82.75 percent to $27.92 million.
    Exports rose 302.16 percent to $14.09 million. Imports rose 17.45 percent to $13.83 million.
  • Trade with No. 4 Port of Houston rose 126.75 percent to $19.81 million.
    Exports rose 119.89 percent to $17.67 million. Imports rose 205.15 percent to $2.15 million.
  • Trade with No. 5 Port of Long Beach rose 66.65 percent to $18.41 million.
    Exports rose 6.72 percent to $6.9 million. Imports rose 151.18 percent to $11.51 million.

Myanmar (Burma) ranked No. 84 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 98.

Meanwhile, total U.S. trade with the world increased to $964.77 billion, down 4.16 percent compared to the same period last year. The nation’s exports dropped 3.07 percent to $395.69 billion; imports dropped 4.91 percent to $569.09 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $173.4 billion, down compared to the same period of last year when the deficit was $190.25 billion.

The top five U.S. exports to Myanmar (Burma) by value through March were the categories of Soybean oilcake, other solid residue, not ground; Passenger vehicles; Flour, meal of oil seed, olea fruit; Paper, paperboard scrap; and Plastics, respectively. They accounted for 57.57 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; Women’s or girls’ suits, not knit; Garments, of felt; Athletic, other textile shoes; and Plastic boxes, containers –– accounted for 50.63 percent of all inbound shipments.

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

  • Soybean oilcake, other solid residue, not ground rose 121.17 percent compared to last year to $28.34 million.
  • Passenger vehicles rose 150.05 percent compared to last year to $9.23 million.
  • Flour, meal of oil seed, olea fruit rose 64.38 percent compared to last year to $9.01 million.
  • Paper, paperboard scrap totaled $8.15 million. The previous year, there were no exports in this category.
  • Plastics rose 1.41 percent compared to last year to $7.68 million.

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

  • Travel goods, including handbags, wallets, jewelry rose 136.71 percent compared to last year to $94.12 million.
  • Women’s or girls’ suits, not knit rose 32.92 percent compared to last year to $12.21 million.
  • Garments, of felt rose 85.04 percent compared to last year to $11.79 million.
  • Athletic, other textile shoes rose 39.3 percent compared to last year to $10.3 million.
  • Plastic boxes, containers rose 85.26 percent compared to last year to $7.88 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.