Indonesia-Myanmar Trade Records Hit Record High in 2021

Dzulfiqar Fathur Rahman 08/08/2022 11:20 WIB

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Trade between Indonesia and Myanmar reached a record high of US$1.28 billion in 2021, the highest since 1989.

Indonesia's Trade Value with Myanmar (1989–2021)

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Indonesia-Myanmar Trade Records Hit Record High in 2021

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Indonesia's Trade Value with Myanmar (1989–2021)

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Indonesia's trade in goods with Myanmar reached US$1.28 billion in 2021, according to the United Nations Comtrade database.

This trade value is the highest record since 1989.

In 2021, Myanmar contributed 0.3% to Indonesia's total trade in goods value.

That year, Indonesia recorded a trade surplus with Myanmar of US$956.39 million. This surplus is 13.23% higher year-on-year (yoy) than the previous year.

In 2021, the value of Indonesian goods exported to Myanmar grew by 8.76% (yoy) to US$1.12 billion. The following are the five main export commodities from Indonesia to Myanmar:

1. Palm oil;
2. Fertilizer;
3. Waffles and wafers;
4. Iron; and
5. Vehicles.

On the other hand, in 2021, the value of goods imported from Myanmar decreased by 11.39% (yoy) to US$165.9 million. The following are the five commodities imported by Indonesia from Myanmar:

1. Vegetables;
2. Copper;
3. Tin;
4. Zinc; and
5. Cereals.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."