- overview
- strengths
- Bilateral Agreements
- bilateral trade
- agencies
- Indian Mission
India is 7th largest export destination for Myanmar
India is 4th largest source of imports for Myanmar
100% FDI is allowed by Myanmar in certain sectors
US$740m invested by 26 Indian enterprises in Myanmar
US$ 1,305.88mn
Bilateral trade in 2020-21
US$ 8.99mn
FDI inflows from April 2000 to March 2021
2,009,207
Overseas Indians living in Myanmar
ASEAN
Myanmar is the only ASEAN country adjoining India and is the gateway to South East Asia.
Energy
Myanmar is an important partner in the energy sector as future offshore gas finds can be piped to India. A US$ 6bn Oil Refinery project was proposed by India in October 2020.
Regulation
Myanmar has introduced substantial improvements in starting a business, infrastructure and financial regulation
Culture
India and Myanmar share close cultural ties and a sense of deep kinship, given India's Buddhist heritage.
Economy
Myanmar's GDP is expected to expand by 6.6 per cent in 2019 and 6.8 per cent in 2020 as per the Asian Development Bank.
India's Exports and Imports to Myanmar
Source: Department of Commerce
Values in US $ Millions
| S.No. | Year | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 |
|---|---|---|---|---|---|---|
| 1. | EXPORT | 966.19 | 1,205.60 | 973.89 | 772.56 | 893.03 |
| 2. | %Growth | 24.78 | -19.22 | -20.67 | 15.59 | |
| 3. | India’s Total Export | 303,526.16 | 330,078.09 | 313,361.04 | 291,808.48 | 422,004.40 |
| 4. | %Growth | 8.75 | -5.06 | -6.88 | 44.62 | |
| 5. | %Share | 0.32 | 0.37 | 0.31 | 0.26 | 0.21 |
| 6. | IMPORT | 639.64 | 521.49 | 547.25 | 526.79 | 1,001.87 |
| 7. | %Growth | -18.47 | 4.94 | -3.74 | 90.19 | |
| 8. | India’s Total Import | 465,580.99 | 514,078.42 | 474,709.28 | 394,435.88 | 613,052.05 |
| 9. | %Growth | 10.42 | -7.66 | -16.91 | 55.43 | |
| 10. | %Share | 0.14 | 0.10 | 0.12 | 0.13 | 0.16 |
| 11. | TOTAL TRADE | 1,605.84 | 1,727.10 | 1,521.13 | 1,299.35 | 1,894.90 |
| 12. | %Growth | 7.55 | -11.93 | -14.58 | 45.83 | |
| 13. | India’s Total Trade | 769,107.15 | 844,156.51 | 788,070.32 | 686,244.36 | 1,035,056.45 |
| 14. | %Growth | 9.76 | -6.64 | -12.92 | 50.83 | |
| 15. | %Share | 0.21 | 0.20 | 0.19 | 0.19 | 0.18 |
| 16. | TRADE BALANCE | 326.55 | 684.11 | 426.64 | 245.77 | -108.84 |
| 17. | India’s Trade Balance | -162,054.83 | -184,000.33 | -161,348.24 | -102,627.40 | -191,047.65 |
Note: Since 2006-07, Petroleum figures have been computed from Import Daily trade Returns (DTRs) to generate country-wise/port-wise tables. Up to 2005-06, consolidated petroleum import figures were being received from the Petroleum Ministry.
Indo-Myanmar Chamber of Commerce & Industries
/
+91-22-66602236, 66607738
C/o Industrial Boilers Ltd, 701 - C, Poonam Chambers, Dr. Annie Besant Road, Worli, Mumbai - 400 018
Ministry of Commerce, the Republic of Union of Myanmar
+95-67-4082665, 4082121
Building 3, Nay Pyi Taw, The Republic of the Union of Myanmar
Embassy of India, Yangon
;
+95-1-388412, 243972
545-547 Merchant St
Kyauktada Township
Yangon
Consulate General of India, Mandalay
,
+95-2-80355, 81019
Ta-1/25, 65th street, Corner of Ngu War Street, Chan Mya Thazi Township, Myothit, Mandalay, Myanmar
Consulate General of India, Sittwe
+95-43-2022918, 2022919
No. 4, Myin Pying Kwin Street, Pyi Daw Thar Quarter, Sittwe, Rakhine State, Myanmar – 07011
