Thailand’s exports to China in October continued to surge by 27 percent, to a record high of US$1.9 billion in value from the same month last year, according to Kasikorn Research Center KRC.

Although Thai export growth to China dropped slightly from the previous month, it outgrew major export destinations of the United States, Japan, Europe, and ASEAN.It showed China would still play an important role in boosting Thailand’s export sector for the rest of this year through next year.

KRC said Thailand is considered a production network close to China, as it is a quality capital goods and raw material importing source.Also, Thailand remains a source of consumer products recognized by Chinese people whose purchasing power is growing higher.

via Thailand’s exports to China continue surge in October: KRC.

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

How Thailand is Preparing for a Surge of Chinese Tourists arrivals

According to the Civil Aviation Authority of Thailand (CAAT), Chinese airlines have requested to increase their flights to Thailand from 100 per week to 430 per week starting on June 1.

Chinese New Year 2023 bookings : Thailand ranked first in overseas travel

In addition, the 2023 Lunar New Year holiday product booking volume of long-distance travel products increased by 72 percent

Thailand To Host World Chinese Entrepreneurs Convention in June

Thailand will be hosting the 16th World Chinese Entrepreneurs Convention (WCEC) on 24-26 June at Queen Sirikit National Convention Center in Bangkok