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

Exhibitions in Myanmar

08.11.2018 - Yangon

Agro Myanmar 2018

14.12.2018 - Rose Garden Hotel

Myanmar Phar-Med Expo 2018

THE 6TH INTERNATIONAL EXHIBITION ON PHARMACEUTICAL AND MEDICAL INDUSTRY IN MYANMAR

14.12.2018 - Rose Garden Hotel

Myanmar Lab Expo 2017

THE 6TH INTERNATIONAL EXHIBITION & CONFERENCE ON DIAGNOSTIC, LABORATORY, ANALYTICAL, BIOTECHNOLOGY AND SCIENTIFIC INSTRUMENTS & TECHNOLOGY INDUSTRY...

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News

02.02.2018

Myanmar to build first elevated expressway in Yangon

There are plans to build a 40 km long elevated expressway connecting the Hanthawady airport project with Yangon-Mandalay highway and Thilawa SEZ.... more

02.02.2018

Pathein parasols exported to Germany

Handmade high-quality umbrellas and parasols are produced in the capital of Ayeyarwady Region, Pathein, and sold to Europe. 60% of these parasols,... more

02.02.2018

MPE signs 30-year lease for LPG production

The government-owned Myanmar Petroleum Enterprise (MPE) signed a contract with Yadanar Su, a private Myanmar company, to lease two of its LPG... more

03.07.2017

Projektkalender ASEAN

Übersicht Projekte in der ASEAN-Region 2017 (2. Halbjahr) & Vorschau 2018

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Our services

  • Market information
    We collect information according to your requirements including background on framework conditions for trade and investment as well as market analysis for specific sectors and industries.
  • Market entry and development support
    We support with practical issues of setting up business, including communication with local partners, and provide contacts to knowledgeable service providers.
  • Business missions
    We organize and support incoming business missions with the coordination of a targeted program and logistical arrangements.

Key figures

Economic data

GDP growth (forecast 2018)

7.6%, 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 (forecast 2018)

6.1%

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 (Jan. 2018)

1 EUR ≈ 1,650 MMK

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

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

3While 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