Thai trade with FTA negotiators exceeded 100 billion USD in the first 4 months of 2021

Published 2021년 6월 2일

Tridge summary

Thailand's trade with Free Trade Agreement (FTA) negotiators reached over 100 billion US dollars in value during the first four months of 2021, marking a 13.18% increase and accounting for 63.84% of Thailand's total trade, according to the Department of International Trade Negotiations. This growth is largely driven by a 22% increase in agricultural exports, with notable growth in rubber and cassava, and a 5.25% increase in industrial product exports. Despite a decrease in processed agricultural product exports, demand for pet food, wheat products, and instant food continues to grow. This growth is attributed to the recovering global and trading partner economies and the benefits of FTAs, including reduced tariffs for Thai products.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Department of Negotiation reveals that Thai trade with FTA negotiators during the four months of the year'21 has a value of over 100 billion US dollars, increasing 13.18% to 5.2 billion baht in exports, increasing 6.45%, indicating strong agricultural products, increasing 22%, rubber, cassava most prominent June 2, 2021 Mrs. Oramon Sapthaweetham Director-General of the Department of International Trade Negotiations revealed that the value of Thailand's trade with trade partners with which Thailand has free trade agreements (FTAs) with 18 countries, namely ASEAN, 9 countries, China, Japan, South Korea, Hong Kong, Australia, New Zealand, India, Chile and Peru, during the 4th period. The month of 2021 (Jan.-April) was valued at 108,826.75 million US dollars, an increase of 13.18%, accounting for 63.84% of Thailand's total trade. It was exported to 18 countries with FTAs worth 52,627.81 million USD, an increase of 6.45%. However, when separating the exports by product groups, it ...

Source: Prachachat