-
Myanmar Trade and Investment Update : FY2021 Review_EN_2022
With two waves of COVID-19 and the February 2021 coup, Myanmar’s international trade declined by 19 percent (or US$7.1 billion) in FY21. Compared with FY20, exports and imports declined by 16 percent and by 23 percent, respectively, in FY21 resulting in a trade surplus of US$269 million. Along with decreasing trade volume, FDI commitments and new company registrations were 31 and 43 percent lower in FY21, respectively, compared with FY20. In the aftermath of the coup, many international firms announced a suspension or cessation of operations and investment plans.
Additional Information
| Field | Value |
|---|---|
| Last updated | November 17, 2022 |
| Created | November 17, 2022 |
| Format | |
| License | Other (Public Domain) |
| Name | Myanmar Trade and Investment Update : FY2021 Review_EN_2022 |
| Description |
With two waves of COVID-19 and the February 2021 coup, Myanmar’s international trade declined by 19 percent (or US$7.1 billion) in FY21. Compared with FY20, exports and imports declined by 16 percent and by 23 percent, respectively, in FY21 resulting in a trade surplus of US$269 million. Along with decreasing trade volume, FDI commitments and new company registrations were 31 and 43 percent lower in FY21, respectively, compared with FY20. In the aftermath of the coup, many international firms announced a suspension or cessation of operations and investment plans. |
| Resource's languages |
|