Myanmar: Binding coverage, primary products (%)

Key figures

Since 1996 it is down 2.02 percentage points from 60.51% in 1996. The World Bank has no value for 6 of the years in between; the chart leaves those gaps open rather than joining across them.

What the numbers say

In 2022, Myanmar's binding coverage, primary products (%) did not change 0 percentage points on 2021 (from 58.49% to 58.49%).

Across the 15 yearly changes before that (1997 to 2021), the average change was −0.13 percentage points and a typical year strayed about 0.56 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 0.17 percentage points in 2005 and the biggest yearly fall was 2.15 percentage points in 2012. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2022, Myanmar had the 31st highest value of the 130 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Myanmar in the 2022 ranking

• Viet Nam — 28th of 130: 80.2%
• Philippines — 29th of 130: 65.65%
• Mauritania — 30th of 130: 58.64%
• Cuba — 32nd of 130: 58.38%
• Suriname — 33rd of 130: 55.74%
• Côte d'Ivoire — 34th of 130: 55.14%

What this measures

Binding coverage is the percentage of product lines with an agreed bound rate. Bound rates result from trade negotiations incorporated into a country's schedule of concessions and are thus enforceable. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).

All 21 values

Binding coverage, primary products (%) in nearby economies

• Australia — 0% (2022)
• Brunei Darussalam — 98.1% (2022)
• Cambodia — 0% (2022)
• China — 0% (2022)
• Fiji — 55.67% (2021)
• Hong Kong SAR, China — 0% (2022)
• Indonesia — 0% (2022)
• Japan — 0% (2022)
• Korea, Rep. — 0% (2022)
• Macao SAR, China — 0% (2022)
• Malaysia

More trade data for Myanmar

• Binding coverage, manufactured products (%) — 5.02% (2022)
• Bound rate, simple mean, manufactured products (%) — 28.73% (2022)
• Tariff rate, applied, simple mean, manufactured products (%) — 2.84% (2022)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 5.99% (2022)
• Tariff rate, applied, weighted mean, manufactured products (%) — 0.66% (2022)
• Tariff rate, most favored nation, weighted mean, manufactured products (%) — 5.76% (2022)
• Binding coverage, all products (%) — 18.94% (2022)
• Bound rate, simple mean, all products (%) — 84.34% (2022)
• Tariff rate, applied, simple mean, all products (%)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Myanmar's binding coverage, primary products (%)?

58.49% in 2022, according to the World Bank (World Development Indicators).

How has it changed since 1996?

It is down 2.02 percentage points from 60.51% in 1996. The highest value was 60.68% in 2005 and the lowest 57.73% in 2012.

How does Myanmar rank?

31st highest of 130 economies with data for 2022.

Is the latest change in binding coverage, primary products (%) unusual for Myanmar?

In 2022, Myanmar's binding coverage, primary products (%) did not change 0 percentage points on 2021 (from 58.49% to 58.49%). Across the 15 yearly changes before that (1997 to 2021), the average change was −0.13 percentage points and a typical year strayed about 0.56 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator TM.TAX.TCOM.BC.ZS, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); World Integrated Trade Solution system (WITS), World Bank (WB); World Trade Organization (WTO) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.