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

News

03.09.2018

Thaton Industrial Zone looking for investors

The Ministry of Industry invites international companies to invest in the Thaton Industrial Zone in Mon State, which might also serve as a role-model... more

03.09.2018

Foreign companies and branches to obtain exporter and importer certificate

According to an announcement of the Ministry of Commerce from 9 August foreign-owned companies and branches of foreign companies are now eligible to... more

03.09.2018

Our new market study on PV Solar and Biomass Energy in Myanmar is online!

Myanmar offers a high potential for PV and biomass energy solutions, but the absence of regulatory frameworks, highly subsidizes electricity tariffs... more

AHK World Business Outlook - ASEAN Focus 2018

German Chamber - ASEAN Business Council published this month the new Business Outlook.

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

Please have a look at the presentation, how you can support the 2018 Oktoberfest at Rose Garden Hotel in Yangon.

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.