AHK Myanmar

Welcome

The Delegation of German Industry and Commerce in Myanmar is the official representation of German business in Myanmar. more

Sourcing Desk

Find your new supplier in Myanmar with us. more

Market Entry

The Delegation is your most important partner in this new market. more

Infrastructure and Logistics

Sitting between China and India, Myanmar offers a unique geo-strategic location and vast investment opportunities. more

Economic Development

Catching up at fast pace in a competitive environment. more

Green Energy Solutions

We support renewable energies as alternatives to conventional sources of power supply and the creation of Myanmar-German partnership project activities. [more]

Events

11.11.2018 - Myanmar

Markterkundungsreise Myanmar

Wasser- und Abwasserwirtschaft [more]

Exhibitions in Myanmar

06.11.2018 - Rose Garden Hotel, Yangon

Agro Myanmar 2018

The 5th International Exhibition & Conference on agricultural fertilizer, chemicals and machinery in Myanmar 2018

15.11.2018 - Melia Hotel

5th Myanmar Power Summit 2018

Meeting the Growing Electricity Needs through Partnerships [more]

14.12.2018 - Rose Garden Hotel, Yangon

Myanmar Phar-Med Expo 2018

The 6th International Exhibition on Pharmaceutical and Medical Industry in Myanmar

14.12.2018 - Rose Garden Hotel, Yangon

Myanmar Lab Expo 2018

The 6th International Exhibition & Conference on diagnostic, laboratory, analytical, biotechnology and scientific Instruments & Technology Industry...

News

09.10.2018

ASEAN Snapshot 2018 - Special Coverage on Business Relations With Germany

The Delegation of the German Industry and Commerce in Vietnam recently published a Booklet on the ASEAN Business Relations with Germany. more

08.10.2018

Interview with AHK's Sophie Waldschmidt about German-Myanmar economic partnership

Our Head of Projects and Services travelled to Germany in June and had the chance to speak to IHK Nordwestfalen about business opportunities in... more

08.10.2018

Arrival and Departure cards no longer needed

In order to attract more tourists to Myanmar, the Ministry of Labor, Immigration and Population abolished the Arrival and Departure cards at Yangon,... more

08.10.2018

Myanmar Sustainable Development Plan

Recently the Ministry of Planning and Finance published the "Myanmar Sustainable Development Plan (2018-2030). The idea of the plan (that has... more

For daily news updates please find and like us on facebook!


Welcome to Myanmar

Preparing your visit to Myanmar

Are you planning your visit to Myanmar? These websites might be helpful.

Some general up-to-date information regarding health- and security advices from the Federal Foreign Office of Germany:

Myanmar: Reise- und Sicherheitshinweise

Information about the online e-visa (application) from the Ministry of Immigration of Myanmar:

Ministry of Labour, Immigration and Population

 

 

Video AHK - Auslandshandelskammer

Sophie Waldschmidt, Head of Projects and Services, Integrierte Fachkraft, gefördert durch das ExperTS-Programm des Bundesministeriums für wirtschaftliche Zusammenarbeit und Entwicklung (BMZ), vermittelt durch das Centrum für internationale Migration und Entwicklung (CIM).

Announcements and Job Vacancy

The German Chamber ASEAN Business Council published its third quarterly ASEAN Newsletter informing about current activities, recent commitments and trends of the German Chamber ASEAN Business Council

Key figures

Economic data

GDP growth (forecast 2018)

5.9%, GDP: 74 billion USD

Population (2017)

53 million people

FDI inflow (2016)

2.19 billion USD

total investment % of GDP (2017)

22%

Exports goods (2016)

11 billion USD; China, Thailand, India

Imports goods (2016)

16 billion USD; China, Singapore, Thailand

Exports services (2015)

3.86 billion USD

Imports services (2015)

2.44 billion USD

Current account balance (2017)1

-6.5% of GDP

Exports to Germany goods (2016)2

172.4 million USD; apparel, footwear

Imports from Germany goods (2016)2

76.8 million USD; machinery, vehicles

Inflation rate 

5.02%

Unemployment rate3

0.8% (2015, ILO), 4% (2014, Myanmar Census)

Aggregated rate of labor underutilization

6.9% (2015, ILO)

Central Bank interest rate

10%

Lending/ deposit rate

13% lending, 8% deposit

Exchange rate (September 2018)

1 EUR ≈ 1,753.1 MMK

1 The actual deficit may be significantly lower as exports are not always recorded.

2 Using mirror trade data gives significantly higher imports (155.8 million USD) and exports (358.8 million USD).

3 While the census asks 3 questions about the labor force, and only one specifically about unemployment, the ILO survey asks stepwise several questions about employment, which leads, eventually, to a much lower number of unemployed. There is no significant difference in the workforce.

Sources: Trade data: UN Comtrade and UNCTAD (FDI); Economic data: WB and IMF; CB of Myanmar for interest rates.