What products does Myanmar produce?
Myanmar’s agricultural industry can be divided into three sectors: crop production, livestock, and fishing. In terms of Myanmar’s main crop production, it is renowned for its production of rice, sugar cane, and dry beans, among other vegetables. Interestingly, Myanmar was once the biggest exporter of rice in Asia.
What does Myanmar export the most?
Oil and natural gas dominate Myanmar’s exports. Other exports include vegetables, wood, fish, clothing, rubber and fruits. Myanmar’s main exports partners are China, India, Japan, South Korea, Germany, Indonesia and Hong Kong.
What is manufactured in Myanmar?
Myanmar’s industrial sector has witnessed dramatic growth over the past five years, with manufacturing largely concentrated in garment and textiles, agricultural processing, automotive parts manufacturing, and canning and bottling.
What type of economy is Myanmar?
Burma now has a mixed economy with a private, state, and a joint private-state sector. Agriculture, light industries, and other businesses are in the private sector .
How strong is Myanmar economy?
The economy of Myanmar has a nominal GDP of USD $76.09 billion in 2019 and an estimated purchasing power adjusted GDP of USD $327.629 billion in 2017 according to the World Bank. For the 2020 estimate, GDP per capita in Myanmar would be USD $5142.20 in PPP per capita and USD $1,608.50 in nominal per capita.