Thailand is now the world’s second-largest exporter of canned or processed fish
Canned Tuna
Published Jul 17, 2023
Tridge summary
Thailand's export of canned fish and processed fish products is increasing due to free trade agreements (FTAs) with countries such as Japan, Chile, Peru, and China. The value of exports to FTA markets has expanded by 15.7% compared to the same period last year, with Japan, Chile, Peru, China, Cambodia, and the Philippines experiencing continuous growth. Thailand currently has FTAs with 18 trading partners, most of which have eliminated import duties on Thai canned fish and processed fish.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
The expansion is being driven by free trade agreements (FTAs) with countries such as Japan, Chile, Peru, China, the Commerce Ministry said. Total exports of canned fish and processed fish were worth US$1.14 billion (39.6 billion baht) in the first five months (January-May) of this year. Meanwhile, the value of exports to FTA markets was U$351.7 million, showing a 15.7% expansion on the same period last year. FTA markets that experienced continuous growth included Japan (up 22.7%), Chile (96.7%), Peru (183.1%), China (25.7%), Cambodia (11.9%), and the Philippines (138.1%). Exports of canned fish and processed fish products to FTA markets in all categories increased. This includes canned tuna, which grew by 17.2% and accounted for 51.6% of the total export value to FTA markets. Other exports that rose include cooked carrageenan fish, cooked salmon, sardines, and mackerel, which increased by 18.2% and accounted for 32.6% of total export value to FTA markets. Canned sardines saw 8.4% ...
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