Myanmar, also known as Burma, is a country in Southeast Asia. It is bordered by Thailand, Laos, China, India, and Bangladesh. Myanmar has a population of approximately 54 million people and is known for its rich culture and natural resources. One of its biggest economic drivers is its export industry, which consists of various commodities. In this article, we will discuss the different commodities that Myanmar exports.
1. Petroleum Gas
Myanmar is one of the largest exporters of petroleum gas in Southeast Asia. It has an abundance of natural gas reserves, which it exports to countries such as China, Thailand, and India. In fact, petroleum gas makes up a significant portion of Myanmar’s total exports, with an estimated value of over $3 billion in 2019.
2. Agricultural Products
Myanmar is also known for its agricultural products, which include rice, beans, pulses, and fruits. Rice is the country’s staple crop, and Myanmar is one of the world’s largest exporters of rice. In addition to rice, Myanmar also exports beans and pulses, such as mung beans and pigeon peas, to countries in Asia and Africa. The country also exports fruits such as mangoes and bananas, which are grown in its tropical climate.
3. Minerals
Myanmar has a rich supply of minerals such as jade, rubies, sapphires, and other precious stones. The country is known for producing some of the world’s highest quality jade, and it is estimated that the jade industry alone generates over $30 billion in revenue annually. In addition to jade, Myanmar also exports other precious stones such as rubies and sapphires, which are highly sought after in the international market.
4. Timber
Myanmar has a vast supply of timber, which it exports to countries such as China and India. However, the timber industry in Myanmar has been the subject of controversy due to illegal logging practices and environmental concerns. In recent years, the government has implemented measures to address these issues and promote sustainable timber practices.
5. Textiles and Garments
Myanmar is also a manufacturer and exporter of textiles and garments. The country has a growing textile industry, which produces items such as cotton, silk, and synthetic fabrics. Myanmar also exports garments such as t-shirts, dresses, and other clothing items to countries in Europe and North America.
6. Fish and Seafood
Myanmar is located along the Bay of Bengal and the Andaman Sea, which makes it an ideal location for fishing and seafood production. The country exports a variety of fish and seafood products, such as shrimp, prawns, and fish fillets. Myanmar’s seafood industry is growing rapidly, with an estimated export value of over $200 million in 2019.
These are just some of the commodities that Myanmar exports. Other notable items include copper, lead, and zinc, as well as finished goods such as vehicles and machinery. Myanmar’s export industry plays a significant role in the country’s economy, accounting for almost 20% of its GDP.
Conclusion
Myanmar’s export industry is diverse and includes a variety of commodities. From petroleum gas to precious stones, the country has abundant natural resources that it exports to countries around the world. However, there are also challenges that Myanmar faces in its export industry, such as illegal logging and environmental concerns. By addressing these issues and promoting sustainable practices, Myanmar’s export industry can continue to grow and contribute to the country’s economic development.
