Myanmar-Rep. of Korea Bilateral Trade Analysis 2023
Complete trade statistics: $957.83M total volume •Myanmar deficit: $149.04M
Myanmar → Rep. of Korea
$404.39M
Exports (2023)
Rep. of Korea → Myanmar
$553.43M
Imports (2023)
Trade Balance
$149.04M
Deficit for Myanmar
Total Trade
$957.83M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Myanmar and Rep. of Korea. Green line shows exports from Myanmar, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Myanmar-Rep. of Korea commercial relationship and competitive positioning in global markets.
Myanmar → Rep. of Korea Exports
Export Market Intelligence
🎯 Strategic Export Focus
Myanmar's export portfolio to Rep. of Korea demonstrates strategic specialization, with anoraks (including ski-jackets), wind-cheaters, wind-jackets and similar articles: men's or boys', of man-made fibres, other than those of heading no. 6203 (not knitted or crocheted) representing a key competitive advantage in this bilateral market.
Rep. of Korea → Myanmar Imports
Import Dependency Profile
📦 Import Strategy Analysis
Myanmar's import pattern from Rep. of Korea reveals strategic sourcingin floating or submersible drilling or production platforms, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Myanmar demonstrates competitive strength in exportinganoraks (including ski-jackets), wind-cheaters, wind-jackets and similar articles: men's or boys', of man-made fibres, other than those of heading no. 6203 (not knitted or crocheted) to Rep. of Korea, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $957.83M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Myanmar-Rep. of Korea Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $957.83 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Myanmar maintains a deficit of $149.04 million
- Export Focus: Myanmar's primary exports include anoraks (including ski-jackets), wind-cheaters, wind-jackets and similar articles: men's or boys', of man-made fibres, other than those of heading no. 6203 (not knitted or crocheted), anoraks (including ski-jackets), wind-cheaters, wind-jackets and similar articles: women's or girls', of man-made fibres, other than those of heading no. 6204 (not knitted or crocheted), trousers, bib and brace overalls, breeches and shorts: men's or boys', of synthetic fibres (not knitted or crocheted)
- Import Dependencies: Key imports from Rep. of Korea include floating or submersible drilling or production platforms, vessels: light, fire-floats, floating cranes and other vessels, the navigability of which is subsidiary to their main function, floating docks, fertilizers, mineral or chemical: containing the three fertilizing elements nitrogen, phosphorus and potassium
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $957.83M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Myanmar leveraging its comparative advantages in anoraks (including ski-jackets), wind-cheaters, wind-jackets and similar articles: men's or boys', of man-made fibres, other than those of heading no. 6203 (not knitted or crocheted).
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Myanmar's specialization in anoraks (including ski-jackets), wind-cheaters, wind-jackets and similar articles: men's or boys', of man-made fibres, other than those of heading no. 6203 (not knitted or crocheted)complements Rep. of Korea's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in floating or submersible drilling or production platforms.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $957.83M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $957.83M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $957.83 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in anoraks (including ski-jackets), wind-cheaters, wind-jackets and similar articles: men's or boys', of man-made fibres, other than those of heading no. 6203 (not knitted or crocheted) and floating or submersible drilling or production platforms demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Myanmar's trade deficit of $149.04 million impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Myanmar and Rep. of Korea represents a total trade volume of $957.83 million in 2023. This partnership demonstrates an unfavorable trade balance for Myanmar, with imports exceeding exportsby $149.04 million.
Export Strengths
Myanmar's exports to Rep. of Korea total $404.39 million, with competitive advantages in anoraks (including ski-jackets), wind-cheaters, wind-jackets and similar articles: men's or boys', of man-made fibres, other than those of heading no. 6203 (not knitted or crocheted), representing $51.92M or12.8% of bilateral exports.
Import Dependencies
Imports from Rep. of Korea amount to $553.43 million, highlighting economic interdependence in floating or submersible drilling or production platforms, with Floating or submersible drilling or production platforms comprising54.8% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Myanmar's strategic sourcing from Rep. of Korea. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Myanmar and Rep. of Korea in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023