Myanmar is a significant market for Indian agricultural exports, particularly in pulses and spices, offering opportunities for growth and diversification.
The bilateral trade between India and Myanmar stood at $2.5 billion in FY2025, with Myanmar's exports accounting for $1.53 billion and India's exports for $614.3 million. The Indian Rupee-Kyat settlement mechanism, established in May 2024, is expected to further enhance trade relations. Myanmar's agricultural exports, including rice, pulses, maize, cotton, sugar, sunflower, and beans, have seen significant growth, surpassing $2.75 billion in the first seven months of the 2024-25 financial year. This growth presents opportunities for Indian exporters to tap into Myanmar's expanding market.
China exports significant quantities of pulses to Myanmar, competing with India in the black and green gram market.
Thailand is a major exporter of rice to Myanmar, offering competitive pricing and quality.
| HS code | Product | Duty | Notes |
|---|---|---|---|
| 230120 | Flours, meals and pellets, of fish or of crustaceans, molluscs or other aquatic invertebrates | Preferential rate may apply under India-ASEAN FTA | Under the India-ASEAN Free Trade Agreement, preferential duty rates may apply to this product category, facilitating trade between India and Myanmar. |
| 01013020 | Asses: Livestock | Preferential rate may apply under India-ASEAN FTA | The India-ASEAN FTA may offer preferential duty rates for exporting livestock such as asses to Myanmar, potentially reducing costs for exporters. |
| 0301 | Live Fish - Ornamental Fish | Preferential rate may apply under India-ASEAN FTA | Exporting ornamental fish to Myanmar may benefit from preferential duty rates under the India-ASEAN FTA, enhancing competitiveness. |
Issued by the exporting country's chamber of commerce, certifying the origin of the goods, necessary for customs clearance.
Issued by the exporting country's agricultural department, confirming that the goods are free from pests and diseases.
A detailed bill from the seller to the buyer, listing the goods sold and the terms of sale.
A document detailing the contents, dimensions, and weight of each package, aiding in customs inspection.
Sea freight from Kolkata to Yangon typically takes 7-10 days, with average freight costs ranging from $500 to $700 per 20-foot container.
| Product | India mandi rate | Myanmar landed price | Margin |
|---|---|---|---|
| Black Gram | $800/ton | $1,000/ton | +25% |
| Rice | $400/ton | $500/ton | +25% |
The Trade Union matches you with verified buyers and handles the documentation.