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Item

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Analysis on Changing Trade Pattern in Myanmar (Nay Win Aung, 2022)

https://meral.edu.mm/records/8569
7217ca31-4991-483d-bb59-928f1edd700f
7a749ac7-cfea-4ff3-b089-44dc0892126b
None
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Nay Nay Win Aung,(EMPA - 42 (18th BATCH) ).pdf (319 KB)
Publication type
Thesis
Upload type
Other
Title
Title Analysis on Changing Trade Pattern in Myanmar (Nay Win Aung, 2022)
Language en
Publication date 2022-10-01
Authors
Nay Win Aung
Description
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.
Thesis/dissertations
Yangon University of Economics
Dr. Tin Tin Wai
0
0
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