Foreign Trade including Myanmar-China Trade since Coup
Along with the political turmoil in Myanmar following the coup, massive public campaigns against the military have erupted. The SAC’s response to the political turmoil has resulted in closed businesses, strained banking systems, and a reduced amount of cash in circulation. Economic sanctions imposed by the international community have also severely damaged the credibility and reputation of Myanmar as a trade partner, resulting in a collapse of foreign trade and foreign direct investment on all fronts. Myanmar’s foreign trade value plunged more than half to US$ 1.7 billion for the month of February 2021, immediately following the coup, compared with more than US$ 3.6 billion in January 2021, according to statistics released by the SAC. Total two-way trade value across border posts has significantly declined since the coup.