Thailand ranks no. 1 in exports in Asia; FTA drives export growth of 15.9%

Frozen Whole Chicken

Meat

Thailand

Published Feb 13, 2023

Tridge summary

Mr. Sinit Lertkrai, Deputy Minister of Commerce, revealed that he had assigned the Department of Trade Negotiations. Following up on the Thai export situation, it was found that chicken meat and other products are outstanding products with potential for both production and export. At present, Thailand ranks as the No. 1 exporter in Asia and No. 3 in the world after Brazil and the United States. In 2022, Thailand exports chicken meat and products to the world market with a value of up to 4,074 million US dollars, an increase of 25%. compared to the same period of the previous year It was exports to markets in which Thailand has a Free Trade Agreement (FTA), worth US$ 2,871.1 million, a 15.9% increase, accounting for 70% of all chicken meat and chicken exports, with FTA markets that Thailand exported to grow. Good, for example, Japan worth US$ 1,882.3 million (+10.2%), China worth US$ 382.5 million (+15.1%), Malaysia worth US$ 165.4 million (+83.4%), Singapore worth US$ 127.4 million (+37.6%), South Korea worth 183.1 million. USD (+40%) and Cambodian USD 17.8 million (+20.3%).

Original content

Mr. Sinit said that the factors that make chicken meat and Thai products popular Because it has been accepted for quality standards. Modern food production and processing technology There is an efficient farm system. And developing products in line with market needs, including FTA, is another important factor that creates advantages and increases competitiveness for Thai entrepreneurs. causing exports to expand steadily Mrs. Oramon Supthaweetham Director-General of the Department of Trade Negotiations added that at present, 10 FTA partner countries, including 5 ASEAN countries (Singapore, Malaysia, Myanmar, Indonesia and Brunei), China, Australia, New Zealand, Chile and Hong Kong, do not have to pay import duties on chicken meat and products. Both chilled and frozen whole chicken, chilled and frozen chicken pieces and processed chicken, while the other 8 countries, namely 4 ASEAN countries (Cambodia, Vietnam, the Philippines and Lao PDR) still impose import duties on chicken meat ...

Source: Pasusart