Thailand has achieved a trade balance of more than 3.7 billion baht in ASEAN.

Published 2020년 6월 17일

Tridge summary

In the first quarter of 2020, Thailand experienced a significant increase in the trade value of its agricultural products, with a 5.10% rise to 113,566 million baht compared to the previous year. This growth was primarily driven by a 41.43% increase in imports, including essentials like vegetables, fish, and rice, due to decreased domestic production caused by drought and corn epidemics. Despite these challenges, Thailand maintained a trade surplus within the ASEAN market, with exports to Cambodia, Malaysia, and Indonesia being key contributors. However, the overall agricultural trade dynamics in Thailand are slowing due to disasters like intense droughts and the COVID-19 pandemic, which have disrupted economic activities. In response, the Thai government has implemented measures to support affected farmers financially and logistically to mitigate the impact of these challenges.

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

Original content

Miss 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 the year 2020, found that Thailand has a total trade value of agricultural products 113,566 million baht increased by 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 exports, 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 for import. With the import value of 38,151 million baht, an increase of 41.43% from the year 2019. The top 5 agricultural imports are vegetables that can be eaten, especially ...

Source: Ththansettakij