Overview of best prospect sectors, major infrastructure projects, significant government procurements and business opportunities.
Last Published: 9/10/2019
After the lifting of U.S. sanctions in 2016, U.S. - Myanmar commercial relations started to grow.  Despite the possibility of targeted sanctions in the wake of the Rakhine situation, bilateral commercial ties still hold promise.  As one of the least developed countries in Asia, Myanmar has market opportunities in nearly every sector, including energy, healthcare, financial services, franchising, infrastructure, transportation, telecommunications, professional services, agriculture and tourism.  Specifically, U.S. firms specializing in medical equipment, power-generation, renewable energy, processed foods, technological services, resource extraction, refining facilities, auto parts, chemicals, computers, textiles, fertilizer and animal feed will find export potential in Myanmar.  The sectors that currently present the greatest opportunity for U.S. exporters are: energy, financial services (including insurance), healthcare, environmental technologies, consumer goods  and franchising.

According to the Boston Consulting Group, 10 million Myanmar will achieve middle class status by 2020.  As incomes rise, demand for U.S. consumer goods is expected to grow in step.  Most optimistic estimates project a quadrupling of Myanmar’s GDP by 2030 during which the urban population is expected to double.  Such dramatic growth is far from assured and assumes significant investment in upgrading the country’s infrastructure.  In the long term, domestic consumption in Myanmar will provide important business opportunities for U.S. firms.

Some of the U.S. companies and brands that have already entered the Myanmar market are: Ball Corporation, Baker & Mackenzie, Caterpillar, Chevrolet, Chevron, Coca-Cola, Colgate-Palmolive, Ford, GE, Honeywell, Hilton Group, KFC, MasterCard, PepsiCo, Krispy Kreme Dooughnuts, RMA Group and Visa.
 
Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.


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Burma Trade Development and Promotion