Two-way trade between Australia and Myanmar remains modest at about $204 million a year: the major Australian export is wheat for use in bread and noodles, and. major imports include seafood and textiles (travel goods, bags and women’s clothing).
What does Australia trade with Myanmar?
Myanmar Country profile
The COVID-19 pandemic disrupted bilateral trade in 2020. Australia sent $320 million of goods and service exports to the country in 2019-20, led by education and wheat. … Australian investment in Myanmar is very low; Woodside and Bluescope Steel have some presence in the country.
How much aid does Australia give to Myanmar?
Australia has provided $58.5 million in humanitarian assistance to Myanmar between July 2014 and July 2017 (approximately 33 per cent of the total bilateral aid budget). Australia is currently the eighth largest humanitarian donor to Myanmar.
What are the main imports of Myanmar?
In the long-term, the Myanmar Imports is projected to trend around 1620.00 USD Million in 2022, according to our econometric models. Myanmar mainly imports fuel, vegetable oil, vehicles, pharmaceutical products, construction equipment, polymers, tires and machinery.
What are Australia’s main exports?
Exports The top exports of Australia are Iron Ore ($67.5B), Coal Briquettes ($51.5B), Petroleum Gas ($34.1B), Gold ($25.4B), and Aluminium Oxide ($5.6B), exporting mostly to China ($111B), Japan ($41.5B), South Korea ($18.9B), India ($15.3B), and United Kingdom ($10.6B).
What is Myanmar biggest export?
Oil and natural gas dominate Myanmar’s exports. Its abundant natural resources, labour force, and proximity to Asia’s dynamic economies have attracted foreign investment in the energy, garment, IT, food and beverages sectors. Myanmar’s main trading partners are China, India, Japan, Indonesia, Germany and Hong-Kong.
What are the top 3 Australian exports?
List of exports of Australia
|#||Commodity||% share of exports|
|1||Iron ores & concentrates||15.2|
Why does Australia give aid to Myanmar?
Australia is committed to reducing poverty in Myanmar and supporting its transition to democracy. Our assistance for improving people’s health, education and livelihoods, and our support for the reform process, is making a significant contribution to millions of lives in Myanmar. …
What is Australia’s most profitable export?
Australia’s main export is iron ore, followed by their other most valuables exports coal, gold, and petroleum. These exports alone rake in $48.2 billion, $47 billion, $29.1 billion, and $20.3 billion, respectively. Of course, the country also ships other noteworthy items including food, wine, and cars.
Which country does Australia give the most aid to?
The Pacific and Papua New Guinea (PNG) were only slightly cut, while Sub-Saharan Africa was slashed by 70%, and aid to the Middle East was cut by 43%. PNG replaced Indonesia as the largest recipient of Australian aid, receiving $477.4 million in 2015–16.
What are Myanmar’s top 3 exports?
The 5 biggest exported goods from Myanmar by value are petroleum gases, unknitted and non-crocheted men’s suits or trousers, dried shelled vegetables, unknitted and non-crocheted women’s clothing and refined copper. Combined, Myanmar’s 5 most valuable exports accounted for 45.8% of the country’s overall exports.
What are the top 3 imports of Australia?
Australia’s Top Ten Imports
- #1 Machinery (AUD$46.2 billion) …
- #2 Mineral fuels (AUD$43.9 billion) …
- #3 Vehicles (AUD$43.6 billion) …
- #4 Electrical machinery and equipment (AUD$37.1 billion) …
- #5 Medical/technical equipment (AUD$12 billion) …
- #6 Pharmaceuticals (AUD$11.8 billion) …
- #7 Gems and precious metals (AUD$9.5 billion)
What does Myanmar Import Export?
Myanmar Exports and Imports of Product Groups 2019
Myanmar Raw materials exports are worth US$ 3,249 million, product share of 17.95%. Myanmar Raw materials imports are worth US$ 596 million, product share of 3.20%. Myanmar Intermediate goods exports are worth US$ 3,234 million, product share of 17.86%.