Myanmar does not currently have a strong base in consumer goods production so it imports the majority of its consumer goods from neighbouring countries such as Malaysia, Thailand, China, Singapore and India.

Top suppliers accounting for 88.1% of Myanmar’s international purchases were: China (31.8%), Singapore (15.2%), Thailand (11.3%), Japan (5.5%), Malaysia (5.2%), India (5.1%), Indonesia (4.8%), United States (3.6%), Vietnam (3%) then South Korea (2.7%).

E-commerce in Myanmar is in its nascent stage, with just USD 6 million (K9.16 billion) in market value, according to Colliers.In comparison, Myanmar’s retail market is estimated to be worth USD 10 billion, according to export.gov.

The Myanmar retail sector has seen a large number of foreign consumer brands enter the country and sold in stores over the past four years. The value of retail sector in Myanmar is between USD 10 and USD 12 billion in 2018. Consumer buying power will con

At the end of 2018, Yangon’s retail space reached the 400,000 sq meters mark, up by 17 percent quarter on quarter and 24 percent year on year. In 2019, Yangon is projected to have an additional 150,700 sq meters (1.6 million sq feet) of leasable space whi

Sources : EXPORT.GOV, World Top Export, MyanmarTimes, DITP YANGON