Highest trade value with China (23.49%), followed by ASEAN (22.81%), the United States (8.03%), the European Union (7.67%) and Japan (7.17%)
The Secretary-General of Thailand’s Agricultural Economics Office, Ministry of Agriculture and Cooperatives, Chanthanon Wannakhajorn, stated that despite the current situation of Thai agricultural products and natural rubber in the world market, Thailand continues to export. With an increased rate of expansion This can be seen from the value of Thailand’s agricultural trade with the world during the 10 months of 2023 (January – October 2023) equaling 2,012,215 million baht, an increase of 15,987 million baht from 2022, or a 0.80 percent increase. It has the highest trade value with China (23.49%), followed by ASEAN (22.81%), the United States (8.03%), the European Union (7.67%) and Japan (7.17%).
For the trade situation of Thai agricultural products and natural rubber in the 9 ASEAN markets (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore and Vietnam) during the 10 months of 2023 (January – October 2023), it was found that Thai agricultural products have expand Compared to the same period of 2022, Thailand still has a trade surplus with ASEAN. Valued at 195,811 million baht, the first 5 important agricultural export groups are
- sugar, valued at 81,604 million baht, such as raw sugar; Refined white sugar
- Beverages worth 43,565 million baht, such as energy drinks, UHT milk, soy milk
- Rice and cereals, worth 31,284 million baht, such as other white rice 5%, broken rice, Thai white jasmine rice 100%
- Miscellaneous edible flavorings worth 27,419 million baht, such as tofu, powdered alcohol, creamer, chili sauce, fish sauce, shrimp paste
- flavorings made from cereals, flour, and milk, valued at 23,828 million baht, such as flavored food for infants or young children, rice noodles, vermicelli, biscuits. Skits and cakes
Meanwhile, imports expanded and decreased with an import value of 131,571 million baht, a decrease of 4.76 percent from 2022.
The first 5 groups of highest imported agricultural products are
- edible vegetables worth 20,749 million baht, such as cassava chips, fresh or dried cassava roots; Cassava pellets, dried beans, fresh or chilled chilies
- Miscellaneous edible seasonings worth 16,378 million baht, such as tofu, powdered alcohol, non-dairy creamers, instant coffee, chili sauce, fish sauce, shrimp paste, soy sauce
- Rice and cereals, valued at 15,321 million baht, such as animal feed corn Whole millet, glutinous rice, jasmine rice, basmati rice
- fish and aquatic animals worth 14,664 million baht, such as frozen ground fish meat and other marine fish. fresh or chilled, such as grouper fish, long-fin betelfish, etc.
- prepared products from cereals, flour and milk, valued at 11,126 million baht, such as prepared food for infants or small children, biscuits, cakes, waffles and wafer
The top 3 important Thai agricultural export markets include Indonesia, with an export value of 65,104 million baht, or 19.89 percent of the value of agricultural exports in ASEAN. Important export products include raw sugar. pure sugar Other white rice 5%, broken rice, broken glutinous rice Dog or cat food, pig food, shrimp food, fish meal, longan, young coconut, dried longan, prepared food for infants or young children, cakes and biscuits.
Next is Malaysia, with an export value of 64,408 million baht, or 19.67 percent of the value of agricultural exports in ASEAN. Important agricultural export products include natural latex. dried rubber sheet Latex crepe rubber, skim rubber, raw sugar Pure sugar, frozen chicken (whole/meat/entrails), other white rice 5%, Thai white jasmine rice 100%, corn for cultivation. Prepared food for infants or young children, rice noodles, vermicelli and biscuits
Third place is Cambodia, with an export value of 43,897 million baht, or 13.41 percent of the value of agricultural exports in ASEAN. Important export products include energy drinks, UHT milk, soy milk, refined sugar, confectionery, white chocolate, glucose and glucose syrup, creamer, instant coffee, chili sauce, fish sauce, shrimp paste, oyster sauce, flavored surimi fish fillets, sausages, rice noodles, vermicelli, cakes and biscuits. Records
