India Myanmar trade balance analysis for 5 years : 2013- 2018

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India and Myanmar are neighboring countries with common border. India imports commodities like edible vegetables, wood, Iron and steel while exports pharmaceuticals, electrical machinery and vehicle. In Financial Year 2017-18 India had trade surplus with Myanmar (Burma) in tune of 326 millions US dollars.

India Myanmar trade balance 5 years 2013-2018
India Myanmar trade balance 5 years 2013-2018

Key Points of India Myanmar trade balance in 5 years

  1. Export to Myanmar decreased by 12.8% in FY 2017-18
  2. Import from Myanmar decreased by 40%
  3. India’s export to Myanmar in 5 years is highest in 2016-17 at  1.1 billion USD.
  4. India’s import from Myanmar is highest in 2013-14 at 1.39 billion USD.
  5. Trade balance is in favor of India in tune of 326 millions USD.
  6. India’s total export was highest in 2013-14 at 314 billion USD in last 5 years.
  7. India’s import from Myanmar is down and it has been decreased by 54% since 2013-14

Also Read, India Malaysia trade balance analysis for 5 years : 2013- 2018

Top 25 commodity imported from Myanmar by India in 2017-18

Country:  Myanmar, Values in Million $ US
S.No. Commodity 2016-17 2017-18 %Growth
1 Edible Vegetables And Certain Roots And Tubers. 809.45 432.27 -46.6
2 Wood And Articles Of Wood; Wood Charcoal. 156.39 142.64 -8.79
3 Iron And Steel 13.81
4 Lead And Articles Thereof. 5.46 12.24 124.22
5 Coffee, Tea, Mate And Spices. 9.59 6.94 -27.62
6 Fish And Crustaceans, Molluscs And Other Aquatic Invertebrates. 4.19 6.2 48.1
7 Zinc And Articles Thereof. 1.73 6.16 256.49
8 Oil Seeds And Olga. Fruits; Misc. Grains, Seeds And Fruit; Industrial Or Medicinal Plants; Straw And Fodder. 6.49 4.03 -37.8
9 Aluminum And Articles Thereof. 3.17
10 Rubber And Articles Thereof. 0.73 2.6 258.69
11 Raw Hides And Skins (Other Than Fur-skins) And Leather 0.52 2.58 396.99
12 Articles Of Apparel And Clothing Accessories, Knitted Or Crocheted. 0.1 0.99 898.79
13 Ores, Slag And Ash. 0.4 0.92 131.65
14 Articles Of Apparel And Clothing Accessories, Not Knitted Or Crocheted. 0.12 0.81 571.33
15 Miscellaneous Manufactured Articles. 0.45 0.73 61.55
16 Vehicles Other Than Railway Or Tramway Rolling Stock, And Parts And Accessories Thereof. 0.61 0.71 16.15
17 Footwear, Gaiters And The Like; Parts Of Such Articles. 0.31 0.55 75.81
18 Tanning Or Dyeing Extracts; Tannin And Their Deri. Dyes, Pigments And Other Coloring Matter; Paints And Ver; Putty And Other Mastic; Inks. 0.2 0.46 132.18
19 Articles Of Leather,Saddlery And Harness;Travel Goods, Handbags And Similar Cont.Articles Of Animal Gut(Other Than Silk-Worm)Gut. 0.38 0.43 12.57
20 Electrical Machinery And Equipment And Parts Thereof; Sound Recorders And Reproducers, Television Image And Sound Recorders And Reproducers,And Parts. 0.23 0.32 40.47
21 Pulp Of Wood Or Of Other Fibrous Cellulose Material; Waste And Scrap Of Paper Or Paperboard. 0.16
22 Optical, Photographic Cinematographic Measuring, Checking Precision, Medical Or Surgical Inst. And Apparatus Parts And Accessories Thereof; 0.44 0.16 -62.19
23 Manufactures Of Straw, Of Esperanto Or Of Other Plaiting Materials; Basket ware And Wickerwork. 0.05 0.12 165.15
24 Articles Of Iron Or Steel 0.08 0.08 3.07
25 Tobacco And Manufactured Tobacco Substitutes. 0.06 0.07 12.98

Top 25 commodities exported to Myanmar by India in 2017-18

Country:  Myanmar, Values in Million $ US
S.No. Commodity 2016-17 2017-18 %Growth
1 Pharmaceutical Products 183.85 178.95 -2.66
2 Iron And Steel 34.18 108.65 217.82
3 Electrical Machinery And Equipment And Parts Thereof; Sound Recorders And Reproducers, Television Image And Sound Recorders And Reproducers,And Parts. 54.12 68.2 26.02
4 Vehicles Other Than Railway Or Tramway Rolling Stock, And Parts And Accessories Thereof. 63.77 67.44 5.76
5 Sugars And Sugar Confectionery. 423.7 67.34 -84.11
6 Mineral Fuels, Mineral Oils And Products Of Their Distillation; Bituminous Substances; Mineral Waxes. 21.64 66.96 209.4
7 Cotton. 40.82 48.01 17.6
8 Nuclear Reactors, Boilers, Machinery And Mechanical Appliances; Parts Thereof. 46.73 45.21 -3.27
9 Residues And Waste From The Food Industries; Prepared Animal Fodder. 29.56 42.8 44.78
10 Railway Or Tramway Locomotives, Rolling-Stock And Parts Thereof; Railway Or Tramway Track Fixtures And Fittings And Parts Thereof; Mechanical 0.21 33.02 15,928.01
11 Products Of Animal Origin, Not Elsewhere Specified Or Included. 26.31 29.15 10.77
12 Ships, Boats And Floating Structures. 21.28
13 Plastic And Articles Thereof. 13.94 15.99 14.77
14 Articles Of Iron Or Steel 13.27 14.88 12.15
15 Miscellaneous Chemical Products. 12.87 12.08 -6.09
16 Essential Oils And Resinous; Perfumery, Cosmetic Or Toilet Preparations. 9.71 10.76 10.81
17 Articles Of Apparel And Clothing Accessories, Knitted Or Crocheted. 16.95 10.71 -36.81
18 Optical, Photographic Cinematographic Measuring, Checking Precision, Medical Or Surgical Inst. And Apparatus Parts And Accessories Thereof; 8.3 9.34 12.43
19 Tobacco And Manufactured Tobacco Substitutes. 9.81 8.21 -16.3
20 Cereals. 2.98 7.96 167.54
21 Rubber And Articles Thereof. 5.89 6.96 18.18
22 Man-Made Staple Fibers. 5.63 6.91 22.64
23 Miscellaneous Manufactured Articles. 6.72 6.63 -1.28
24 Other Made Up Textile Articles; Sets; Worn Clothing And Worn Textile Articles; Rags 4.93 6.56 33.11
25 Coffee, Tea, Mate And Spices. 1.74 5.59 221.25

Source Ministry of Commerce and Industry, India

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