What is the main product of Myanmar?

Natural gas is Myanmar’s primary export, followed by pulses (mostly dried beans), teak, and minerals and gems. Its principal imports include machinery and equipment, industrial raw materials, and consumer goods.

What products does Myanmar produce?

Myanmar has abundance natural resources such as petroleum, timber, tin, antimony, zinc, copper, tungsten, lead, coal, marble, limestone, precious stones, natural gas and hydropower. Rice, pulses and beans, oilseeds, fruits and vegetables, sugarcane, hardwood, marine products are produced in Myanmar.

What is Myanmar main source of income?

The Myanmar government’s main source of revenue in recent years has been the export of natural gas to Thailand. Another major source has been taxes on domestic and international trade.

Is Myanmar poor or rich?

Myanmar is Asia’s seventh-poorest country. Myanmar’s per capita GDP is $1,207, just above Cambodia’s. About 26% of the population lives in poverty, and poverty is twice as high in rural areas, where about 70% of the population lives.

Are people in Myanmar rich?

Despite a wealth of natural resources, Myanmar’s agriculturally dominated economy is one of the least developed in Southeast Asia. The country is also one of the centers of the world’s illegal drug trade, a major source of income for farmers.

What are Myanmar’s top 3 exports?

The 5 biggest exported goods from Myanmar by value are petroleum gases, unknitted and non-crocheted men’s suits or trousers, dried shelled vegetables, unknitted and non-crocheted women’s clothing and refined copper. Combined, Myanmar’s 5 most valuable exports accounted for 45.8% of the country’s overall exports.

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Who is Myanmar’s biggest trading partner?

Myanmar top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
China 5,754 31.78
Thailand 3,257 17.99
Japan 1,436 7.93
United States 835 4.61

Why Myanmar is so poor?

Due to this, Burma remains a poor country with no improvement of living standards for the majority of the population over the past decade. The main causes for continued sluggish growth are poor government planning, internal unrest, minimal foreign investment and the large trade deficit.

Is Bangladesh richer than Myanmar?

Bangladesh with a GDP of $274B ranked the 44th largest economy in the world, while Myanmar ranked 71st with $71.2B. By GDP 5-years average growth and GDP per capita, Bangladesh and Myanmar ranked 10th vs 13th and 155th vs 164th, respectively.

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