2026-10-24T06:18:57Z https://meral.edu.mm/oai

oai:meral.edu.mm:recid/00008569 2024-05-14T04:44:04Z 1582963436320:1582965722087

Analysis on Changing Trade Pattern in Myanmar (Nay Win Aung, 2022) Nay Win Aung Myanmar is building a new modern developed democratic nation in accordance with the constitution and when market-oriented economic system is being implemented and efforts are making to develop trade and the growth of the national economy. The objectives of the study are to study the importance of trade and implementation of trade sector development in Myanmar and to analyze changing pattern of trade from (2010- 2011) financial year to (2020-2021) financial year in terms of countries and commodities. Although the country trade deficit has declined since 2015, Myanmar's export base is still dominated by raw materials. Most of the export commodities are primary products such as agricultural products, gas, garment, precious stones and pearls, and raw rubber. Garment was the largest export item with 22.4% and gas exports accounted for 20.3% of the total export value in (2020-2021) financial year. The largest import was refined mineral oil that accounted for 15.8% in 2021 and, followed by mineral fuels, lubricants and related materials (14.3%), Machinery non-electric and transport equipment (14%). Moreover, pharmaceutical products, cement, electrical machinery, non-electric and transport equipment were imported. China is ASEAN’s largest trading partner that accounted for (41%) of total exports from Myanmar in 2021, followed by Thailand (19 %), Japan (6.1%), India (5.7%) and United States (4%). China was the largest importing country that accounted for (31.4%), followed by Singapore (17.74%) and Thailand (13.55%). The study suggested that that the government should encourage the establishment of manufacturing hubs with large private factories capable of producing garments for export. In order to reduce the trade deficit, the government should penetrate the international market and find new markets. The government should encourage entrepreneurs and support MSMEs to export promote and import substitution. It should depend on export diversification and value-added, capital intensive manufacturing and processing to stimulate local industry. 2022-10-01 https://meral.edu.mm/records/8569