Thailand has the opportunity to gain a 20 per cent of market shares in the Association of South-East Asian Nations (ASEAN) in the next few years provided that politics is stable and the governmnet has a clear plan to promote exporters, according to a local analysis.

Dr Aat Pisanwanich, director of the University of the Thai Chamber of Commerce (UTCC) Center for International Trade Studies, said such the percentage would help increase the country's exports to the regional bloc to 23-24 per cent, making it possibly replace Singapore now ASEAN's second largest exporter.

Concerning the position in ASEAN markets, Dr Aat said currently Thailand ranks third, counting some 14.6 per cent of total market shares of the regional grouping, preceded by Singapore of 27.1 per cent and Malaysia of 31 per cent.

via Export Outlook: Stable politics can boost Thai exports to ASEAN.

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

ASEAN launches first e-exhibition on cultural heritage digital archive portal

The ACHDA website was launched on February 27, 2020. It hosts a collection of 2D and 3D images, audio recordings, and video data. To date, 267 cultural assets from Cambodia, Indonesia, Malaysia, Myanmar, and Thailand are available to the public

Indonesia’s role in ASEAN’s energy transition

This ESG Intelligence report details the country’s growing role in the global ESG ecosystem, with a focus on topics such as national progress towards renewable energy goals

ASEAN, Japan to further deepen partnership

ASEAN appreciated Japan’s support to ASEAN efforts in handling challenges posed by the COVID-19 pandemic for the last two years, including the establishment and operations of the ASEAN Centre for Public Health Emergencies and Emerging Diseases Centre.