A study of myanmar’s trade performance with other bimstec nations in post transition period (2011-2023)

Since the past, the country has cooperated with other countries in economy, and other fields which play a vital role in the development in these days. Countries collaborate on a regional or international level. As a result, Myanmar is a member in regional organisations such as BIMSTEC comprised of seven nations (Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand). This paper examines Myanmar's trade performance in BIMSTEC after Myanmar’s transition period. It aims to understand BIMSTEC countries' GDP, inflation, and unemployment trends, and to examine Myanmar's trade performance with other BIMSTEC countries. This paper used secondary data on Myanmar's trade with other BIMSTEC countries; GDP, inflation, and unemployment rates in these BIMSTEC countries; and data of exports and imports in US dollars from 2011-2012 to 2022-2023. The collected data is analysed for Correlation, Regression, and One-Way ANOVA, along with data interpretation. According to the study, Myanmar has positive correlation with Bangladesh and Sri Lanka but negative correlation with India, Nepal, and Thailand. It cannot be discovered in the case of Bhutan. Thailand is Myanmar's best trading partner among the BIMSTEC countries, and Myanmar's trade relations are not significantly different with all other BIMSTEC nations.