In 2018, bilateral trade between Taiwan and Myanmar amounted to US$343 million for an increase of 15.96%. Taiwan’s exports to Myanmar amounted to US$271 million, with major exports consisting of woven fabrics of synthetic filament yarn, feather and parts of feathers, flat-rolled products of iron or non-alloy steel, etc. Myanmar’s exports to Taiwan amounted to US$71 million, with major exports consisting of wood, oil seeds and oleaginous fruits, refined copper, copper alloys, etc. Thus, Myanmar ranks as Taiwan’s 64th largest trading partner.
Taiwan’s cumulative investment in Myanmar between 1952 and 2018 amounted to US$182 million, mainly in the sectors of financial and insurance, textiles, accommodation and food service, and real estate.
To further deepen collaboration between our respective industries, the Chinese National Federation of Industries (CNFI) of Taiwan and the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) jointly held the 2018 Taiwan-Myanmar Industrial Collaboration Summit in Myanmar in July with support from the governments of Taiwan and Myanmar. This summit was an industry-led event, attended by government officials and industry leaders, to discuss collaboration in the fields of textiles, food processing, etc.