Myanmar’s trade deficit reached US$3.2 billion for the ninth month period – April to December 2016. The current trade deficit was slightly down from a year earlier.
Exports of wood products, at US$160 million, were the highest since the log export ban in April 2014. Although this is a small amount compared to exports from Myanmar’s neighbours, the growth since the log export ban is significant.
Major products exported are teak sawnwod and ‘mini’ decking used for luxury boats.