Rep. of Korea-Myanmar Bilateral Trade Analysis 2023
Complete trade statistics: $957.83M total volume •Rep. of Korea surplus: $149.04M
Rep. of Korea → Myanmar
$553.43M
Exports (2023)
Myanmar → Rep. of Korea
$404.39M
Imports (2023)
Trade Balance
$149.04M
Surplus for Rep. of Korea
Total Trade
$957.83M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Rep. of Korea and Myanmar. Green line shows exports from Rep. of Korea, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Rep. of Korea-Myanmar commercial relationship and competitive positioning in global markets.
Rep. of Korea → Myanmar Exports
Export Market Intelligence
🎯 Strategic Export Focus
Rep. of Korea's export portfolio to Myanmar demonstrates strategic specialization, with floating or submersible drilling or production platforms representing a key competitive advantage in this bilateral market.
Myanmar → Rep. of Korea Imports
Import Dependency Profile
📦 Import Strategy Analysis
Rep. of Korea's import pattern from Myanmar reveals strategic sourcingin 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), highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Rep. of Korea demonstrates competitive strength in exportingfloating or submersible drilling or production platforms to Myanmar, 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: Rep. of Korea-Myanmar Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $957.83 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Rep. of Korea maintains a surplus of $149.04 million
- Export Focus: Rep. of Korea's primary exports 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
- Import Dependencies: Key imports from Myanmar 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)
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 Rep. of Korea leveraging its comparative advantages in floating or submersible drilling or production platforms.
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
Rep. of Korea's specialization in floating or submersible drilling or production platformscomplements Myanmar's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly 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).
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 floating or submersible drilling or production platforms and 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) demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Rep. of Korea's trade surplus of $149.04 million strengthens 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 Rep. of Korea and Myanmar represents a total trade volume of $957.83 million in 2023. This partnership demonstrates a favorable trade balance for Rep. of Korea, with exports exceeding importsby $149.04 million.
Export Strengths
Rep. of Korea's exports to Myanmar total $553.43 million, with competitive advantages in floating or submersible drilling or production platforms, representing $303.06M or54.8% of bilateral exports.
Import Dependencies
Imports from Myanmar amount to $404.39 million, highlighting economic interdependence 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), 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) comprising12.8% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Rep. of Korea's competitive position in this bilateral relationship. 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 Rep. of Korea and Myanmar in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023