Myanmar Market Holds Promise For U.S. Soy

 

A WorldCity analysis of the latest U.S. Census Bureau data shows that Myanmar’s (Burma) trade with the U.S. rose to $674.65 million in the first six months of 2020, a 39.47% increase over total trade during the same time period in 2019. U.S. exports to Myanmar increased 27.01%. In particular, soybean oilcake (other solid residue, not ground) rose 31.31% compared to last year. Year to date, Myanmar has imported soybean oilcake from the U.S. valued at $42.81 million and U.S. soybeans valued at $6.77 million.[1]

 

Additionally, Timothy Loh, USSEC Regional Director – Southeast Asia, states, “Our U.S. soybean meal exports to Myanmar this season have been very good.”

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This material is based upon work that is supported by the National Institute of Food and Agriculture, U.S. Department of Agriculture, under agreement number 2023-38640-39573 through the North Central Region SARE program under project number ENC23-226. USDA is an equal opportunity employer and service provider. Any opinions, findings, conclusions, or recommendations expressed in this publication are those of the author(s) and should not be construed to represent any official USDA or U.S. Government determination or policy.