Thai agricultural products are still rising with an annual trade value of over 9 billion in 63 years

Published Feb 10, 2021

Tridge summary

In 2020, Thai agricultural exports experienced a slight decline of 3.2% compared to 19% due to the COVID-19 pandemic, but exports to countries with which Thailand has free trade agreements (FTAs) excluding ASEAN saw a growth of 2.2%, totaling 490,726 million baht. The largest markets included China, Hong Kong, Peru, Chile, New Zealand, and Australia. However, trade with ASEAN countries saw a slight expansion of 0.80%, despite a decrease in exports, with Thailand maintaining a trade surplus of 171,334 million baht. The Ministry of Agriculture is focusing on adjusting production to meet consumer needs, controlling agricultural products throughout the production chain for quality, standard, and safety, and exploring replacement markets and promoting domestic consumption to reduce dependence on foreign products.

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

Original content

Chantanont Wannakhajorn, Secretary-General of the Office of Agricultural Economics (NESDB), Ministry of Agriculture and Cooperatives, said that the situation of the COVID-19 epidemic in 2020 and affects the economy and trade around the world. Overall, Thai exports of agricultural products to countries around the world in 2020 were found to decline 3.2 percent compared to 2019, however, considering only the trade between Thailand and the countries with which Thailand entered into a free trade agreement ( FTA) excluding ASEAN found that Thailand's agricultural exports In turn, the growth rate increased by 2.2 percent to 490,726 million baht, with Thailand taking advantage of the trade balance, increasing 3.7 percent. The largest export markets were China, Hong Kong, Peru, Chile, New Zealand, Australia, respectively. Exports increased, such as fresh fruit worth 83,576 million baht, fresh / chilled / frozen chicken meat worth 27,789 million baht, cassava worth 21,626 million baht, ...

Source: Ththansettakij