Turkey-Myanmar Bilateral Economic and Commercial Relations

Economy of Myanmar

GDP (billion USD)

65,3

Inflation Rate (%)

6

Real GDP Growth Rate (%)

7,8

Unemployment Rate (%)

4,02

Population (million)

51,42

Exports (fob-billion USD)

8,6

Population Growth Rate (%)

0,9

Imports (fob-billion USD)

12,3

GDP Per Capita (USD)

1.270

Number of Turkish Firms in the Country

2

References: Turkish Embassy in Naypyidaw, Ministry of Economy, EIU, World Bank



Main Trade Partners:
Thailand, China, India, Japan, South Korea, Germany

Main Export Items: Mineral fuels, wood products, textile parts, vegetables

Main Import Items: Vehicles, machine, iron-steel, mineral fuels, electrical devices


Bilateral Economic and Commercial Relations:

YEARS

EXPORT

IMPORT

VOLUME

BALANCE

2010

19

23,8

42,9

-4,8

2011

13

15

28

-2

2012

5,4

4,2

9,6

1,2

2013

25,1

7,9

33

17,2

2014

38

10

48

28

2015

30,7

8

38,7

22,7

References: TÜİK                                                                                                     (million USD)



Main Export Items of Turkey:
Gas turbines for vehicles, steam turbines, tractor, sunflower seed oil

Main Import Items of Turkey: Timber, carpentry products, wood, lemon

According to the “Economic and Commercial Cooperation Agreement” which was signed on 20 April 2006. The establishment of the Joint Economic Commission mechanism between two countries has been envisaged.

The foreign direct investment from Myanmar to Turkey is nonexistent. 2 Turkish firms operate in Myanmar by the end of 2014.

Turkey’s Official Development Assistance in Myanmar values 61,26 million USD between years of 2004 and 2013 in total.

Turkish Cooperation and Coordination Agency has involved in various projects such as, support for “Lifesaving Measures for Childbirth” project, medicine and medical device aid, grant for hospital devices and beds, humanitarian aid for Arakan region and construction of orphanage, computer laboratory, library, asphalt road, overhead power line, Turkish cemetery and temporary shelter in order to contribute the development of Myanmar since 2012.

Within the framework of the “Myanmar Aid Contribution Agreement” which was signed between Turkey and UNICEF, Prime Ministry Disaster and Emergency management Authority of the Republic of Turkey provided financial support for “Water, Sanitation and Hygiene Aid for Myanmarese Refugees in Emergency Cases Program”.