Myanmar`s imports include substances, petroleum products, fertilizers, plastics, machinery, transportation equipment, cement, building materials, crude oil, food and food oils. Its exports include natural gas, wood products, legumes, beans, fish, rice, clothing and precious stones. The country is one of the poorest countries in Southeast Asia due to decades of stagnation, mismanagement, isolation and shortage of modern technology-trained and trained labour. The country does not have an adequate infrastructure of goods that mainly cross the Thai border and along the Irrawaddy River. The railways are old and torn, highways are unconsolidated and energy shortages are frequent (only 25 percent of the country`s population has electricity). Myanmar produces precious stones such as rubies, sapphires, pearls and jade. Myanmar also has a huge reserve of natural gas and oil, which has attracted the attention of energy-intensive giants such as China, India and the United States. Other industries include agricultural goods, textiles, wood products, building materials and metals. Myanmar, also known as Burma, is a sovereign state in Southeast Asia bordering China, Thailand, India, Laos and Bangladesh. One third of Myanmar`s total volume of 1,930 kilometres forms an uninterrupted coastline along the Bay of Bengal and the Andaman Sea. Myanmar has been under military control since a 1962 coup, but since 2011 military control has become increasingly relaxed. This has led to a rapid improvement in the country`s external relations, particularly with the United States (United States), Japan and the European Union (EU). This is why trade and other sanctions imposed by the United States and the EU against Myanmar have been relaxed, paving the way for a dynamic new economy in Southeast Asia.

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