After stabilizing at relatively low levels in late 2021, Myanmar’s international trade increased in the first three months of 2022. Manufacturing and agriculture exports have increased since mid-2021, with total exports rising to around pre-coup average levels in nominal US dollar terms. A substantial rise in intermediate imports since late 2021 has contributed to overall import growth. Despite modest stabilization in recent months, foreign direct investment (FDI) commitments remained well below pre-coup levels. The number of company registrations steadily increased throughout the six months to March 2022 but was 3 percent lower than the same period last year. Starting from November 2021, import license liberalization reform was reversed, and starting from May 2022, about 81 percent of tariff lines will be subject to import licenses.

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