LAMPANG (NNT) – Despite economic stagnation and border closures, due to COVID-19, Thailand remains ASEAN’s largest exporter of fresh refrigerated vegetables, while being 14th in the world.
Trade Negotiations Department Director-General Oramon Sapthaweetham said that, from January to June this year, Thailand exported vegetables worth 143 million US Dollars, a 9.7% decrease compared to the same period last year.
Countries with which Thailand has Free Trade Agreements (FTA) remain the largest markets, worth 94 million USD, or 66% of the country’s total vegetable exports.
Among the FTA members, Japan is the kingdom’s biggest buyer, making up 36%, while all ASEAN countries combined make up 22% of the total export volume.
Some of the popular products include fresh garlic which, during the first half of the year saw export volume grow 124%, compared to the same period last year, to 13.8 million USD, while chilli also grew by 33% to 8.3 million USD, along with frozen nuts, which remain popular as exports increased 0.5% to 37.6 million dollars.
Meanwhile, demand for frozen sweet corn contracted by 17.7% to 9.6 million USD.
Currently, the kingdom has FTA agreements with 17 countries, 13 of which no longer levy import duties on Thai vegetables. The 13 countries include China, Hong Kong, Australia, New Zealand, Japan, Chile, Peru and 6 countries in ASEAN namely, Singapore, Malaysia, Indonesia, Vietnam, Myanmar and Brunei. Meanwhile, the five countries who are FTA partners, but still impose import duties, are South Korea, India, Cambodia, Laos and the Philippines.
Thai Mango growers complain of low prices and fewer exports
Because of the global COVID-19 pandemic, their mangoes are not being exported, due to fewer buyers, and their prices have plunged to between 10 and 20 baht per kilogram, depending on size.
Mango orchard owners in Thailand’s northern province of Phitsanuloke are seeking help from the provincial administration to promote the sale of their sweet fruit, particularly Barracuda Mango variety.
Foreigners’ Participation in Thai Listed Companies explained
Special vehicles have been created to facilitate foreign investors so that they are able to invest in Thai
securities flexibly and conveniently.
Global Gaming Expo Asia Overview
This event is a must for anyone involved in the Asian gaming industry: an overwhelming 95% of Asian casino and sportsbook operators attend G2E Asia to present their products
G2E Asia – an abbreviation for Global Gaming Expo Asia – is a renowned iGaming event and entertainment business hub where companies from all over the globe come to exhibit their latest products and innovations.
Subscribe via Email
3 Reasons to Be Optimistic About the Baht Right Now
Probably one of the most important factors for the rise of the Baht is the continued weakness of the US...
Will Thailand’s plan for quarantine-free tourism set a global trend?
According to the Tourism Authority of Thailand, the quarantine-exemption measures implemented in Phuket will be extended to five other key...
Thailand Approves Latest Economic Relief Package for Businesses
Some 250 billion baht (US$8 billion) was allocated for soft loans while the remaining 100 billion baht (US$3.2 billion) will...
Southeast Asia remains a hot spot for plastic pollution
The use of plastics is deeply embedded in our daily lives, in everything from grocery bags and cutlery to water...
Thailand BOI approves Biotech Projects Worth 2.4 Bln Baht ($78 million)
The biotechnology sector is part of the so-called BCG model (Bio, Circular and Green economy) which the Thai government has...
Diamonds are forever but “James Bond Island” in Phang Nga Bay may not
Thailand’s Department of Mineral Resources will assess the stability of the limestone karst towers, which make up the chain of...