NESDB reveals Thailand's agricultural exports in 63 years down by -3.2% due to global COVID impact

Published Feb 10, 2021

Tridge summary

The Secretary-General of Thailand's Office of Agricultural Economics, Mr. Chanthanon Wannakhajorn, reported a mixed impact of the COVID-19 pandemic on the country's agricultural trade in 2020. While overall agricultural exports saw a decrease of 3.2% compared to 19, they grew by 2.2% when considering trade with countries under free trade agreements, reaching a value of 490,726 million baht. The most notable exports included fresh fruit, chicken meat, cassava, and various meats. Trade with ASEAN countries also saw a slight growth of 0.80%, despite a decrease in exports, with Thailand maintaining a trade surplus. The Ministry of Agriculture in Thailand is focusing on adjusting production to meet consumer needs and controlling agricultural products to maintain quality, standard, and safety.

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

Original content

Mr. Chanthanon Wannakhajorn, Secretary-General, Office of Agricultural Economics (OPO), Ministry of Agriculture and Cooperatives Reveal the impact on international trade from the situation of the COVID-19 outbreak in the year 63 that the crisis of the epidemic. Has affected the global economy If considering the overall picture of Thai agricultural exports to countries around the world, it was found to decline -3.2% compared to the year '19. However, if considering only the trade between Thailand and the countries with which Thailand has entered into a free trade agreement (FTA) Excluding ASEAN, it was found that Thai agricultural exports In turn, the growth rate was 2.2%, worth 490,726 million baht, with Thailand taking advantage of a 3.7% increase in trade surplus. The most expanding export markets were China, Hong Kong, Peru, Chile, New Zealand, Australia, respectively. Such as fresh fruit worth 83,576 million baht, fresh / chilled / frozen chicken meat worth 27,789 million ...

Source: RYT9