Myanmar’s main exports in 2021 were petroleum and natural gas, dried legumes and precious stones, of which it was the world’s largest exporter. Rare-earth metal compounds are also a leading export. The import list features refined petroleum, palm oil, and packaged medications. Industry, transport and manufacturing also need imports of construction materials and equipment, machinery, tyres and polymers.
The military government claimed it had attracted US$3.8 billion of Foreign Direct Investment in 2022, including US$2.5 billion for a liquefied natural gas plant. China was the main investor, followed by companies from Japan, Singapore, Thailand and South Korea. Myanmar’s Directorate of Investment and Company Administration said foreign investment fell from US$4.9 billion in 2021. Also on the debit side, in 2021 multinational oil corporations Woodside, Chevron and Total Energies announced plans to leave Myanmar.