Thailand’s Rice Exports Surge 11.9% Amidst Global Shortage Concerns

Thailand’s rice exports have increased by 11.9% compared to last year, reaching 5.29 million tonnes from January to August 2023.

Thai exports shrank for a 10th consecutive month in July

Thai exports have declined for the 10th consecutive month in July, falling by a bigger rate than expected, due to sluggish global demand.

Car production in Thailand increased by 4.7% in July

Car production in Thailand increased by 4.72% in July, driven by exports, while domestic sales declined due to tightened auto loans.

Thai exports declined for nine consecutive months

Thailand’s exports have been declining for nine consecutive months, primarily due to the slow economic recovery in major trade partners such as China and the US.

Thailand’s exports to increase slightly by 1% in 2023

Exports, a major factor in Thai growth, may decline by 5% to 6% in the first half of the year compared to the same period last year before rebounding in the second, the council predicted in a statement.

Thailand’s export down by 7.6% in April for seventh consecutive month

Thailand’s export contraction for seven consecutive months poses a challenge for the new government due to a global economic slowdown. The decline was far more than the 2% fall forecast in a Reuters poll of economists, and came after a 4.2% drop in March.

Thailand’s auto exports surged 43% in April

According to the latest data from the Federation of Thai Industries (FTI), Thailand exported 79,940 finished cars in April, a 43.53% increase from the same month last year.

How Thailand Benefits from China’s Post-Pandemic Boom

Besides tourism, Thailand also benefits from China’s post-pandemic boom in terms of trade and investment. China is Thailand’s largest trading partner and a major source of foreign direct investment (FDI).