Thailand ranks no. 1 in exports in Asia; FTA drives export growth of 15.9%

Published 2023년 2월 12일

Tridge summary

Thailand is the leading Asian and third worldwide exporter of chicken meat, with exports valued at $4,074 million in 2022, a 25% increase from the previous year. The country enjoys free trade agreements (FTAs) with several markets, including Japan, China, and Malaysia, which account for 70% of its chicken meat exports. The Department of Trade Negotiations is working to further reduce import duties on Thai chicken meat in potential new FTAs with the European Free Trade Association, the United Kingdom, and the European Union. The Ministry of Commerce is actively advocating for more market access for Thai chicken products to enhance their global competitiveness.

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

Original content

Mr. Sinit Lertkrai, Deputy Minister of Commerce, revealed that he had assigned the Department of Trade Negotiations. Following up on the Thai export situation, it was found that chicken meat and other products are outstanding products with potential for both production and export. At present, Thailand ranks as the No. 1 exporter in Asia and No. 3 in the world after Brazil and the United States. In 2022, Thailand exports chicken meat and products to the world market with a value of up to 4,074 million US dollars, an increase of 25%. compared to the same period of the previous year It was exports to markets in which Thailand has a Free Trade Agreement (FTA), worth US$ 2,871.1 million, a 15.9% increase, accounting for 70% of all chicken meat and chicken exports, with FTA markets that Thailand exported to grow. Good, for example, Japan worth US$ 1,882.3 million (+10.2%), China worth US$ 382.5 million (+15.1%), Malaysia worth US$ 165.4 million (+83.4%), Singapore worth US$ 127.4 ...

Source: Pasusart