2020 saw the trade deficit increase in Myanmar. But post COVID exports will bounce back. Myanmar gov. plans to invest in the agriculture sector to create value added goods. Already Myanmar exports a lot of rice, corn, and beans. Coffee because of its quality in Myanmar is becoming more internationally known and will continue to broaden its market.
The manufacturing sector which has been constantly growing over the past few years took a big hit in 2020 with thousands of workers losing jobs. The garment industry will see a boom with Chinese companies entering the market and the slow bounce back of the global economy.
With Myanmar’s focus on renewable energy, the cost of making goods should drop in the next few years. This will make Myanmar manufacturing more affordable and products more competitive.