The Office of Agricultural Economics announces the situation of Thai agricultural product exports in ASEAN showing a good balance of 3.7 billion in the first quarter.

Published Jun 17, 2020

Tridge summary

In the first quarter of 2020, Thailand's agricultural trade experienced a significant increase, with a trade value of 113,566 million baht, a rise of 5.10% from the previous year, according to the Office of Agricultural Economics. Exports reached 75,415 million baht, driven by sugar and sugar products, non-alcoholic beverages, and living animals, while imports amounted to 38,151 million baht, largely due to corn for animal feed. Despite this, Thailand maintained a trade surplus of 37,264 million baht in the ASEAN market. Thailand's main agricultural exports were sent to Cambodia, Malaysia, and Indonesia, while its imports included vegetables, fish, and rice. The report also highlighted the challenges of drought and the COVID-19 pandemic, which have affected domestic production and international trade. In response, the Thai government has implemented measures to support affected farmers financially.

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

Original content

Bangkok - 17 June - Office of Agricultural Economics Ms. Tassanee Muangkaew, Deputy Secretary-General of the Office of Agricultural Economics (OIE), Ministry of Agriculture and Cooperatives Revealed to monitor the situation of trade in agricultural products and natural rubber (Coordinate 4001) of Thailand and ASEAN in the first 3 months (January - March) of 2020, found that Thailand has a total trade value of agricultural products 113,566 million baht, an increase of 100 5.10 percent from the year 2019 in the same period With the export value to 75,415 million baht, consisting of the top 5 agricultural products exported, namely sugar and sugar products Non-alcoholic beverages Miscellaneous edible ingredients Grains, flour and milk and living animals such as live pigs With a weight of 50 kilograms or more Live pigs for breeding male cows have also been increased. With the import value of 38,151 million baht, an increase of 41.43% from the year 2019. The top 5 agricultural imports ...

Source: RYT9