A 100 billion baht export value is estimated for Thai agricultural products to ASEAN in Q1 2023
Agricultural Economics in Thailand indicates that 100 billion baht worth of Thai agricultural products were exported to ASEAN during the first quarter. A surplus of 53,387 million baht is recorded by Thailand’s trade.
Chanthanon Wannakhejorn, Secretary-General of the Office of Agricultural Economics (Sor Kor.), Ministry of Agriculture and Cooperatives, revealed the trade situation of Thailand’s agricultural products and natural rubber with 9 ASEAN countries, namely Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, and Vietnam. The export value for the same period in 2022 was 101,062 million Thai baht, a 4.18 percent increase over the same period in 2021.
The main agricultural exports are sugar, such as brown sugar and white sugar. Refined sugar/energy drinks/rice / non-alcoholic beverages such as UHT milk, soy milk / flavored foods such as tofu, powdered alcohol, creamer / natural latex/dog or cat food/sauces and flavorings Sauces such as seasoning powder, fish sauce, oyster sauce, chili sauce, ready-made curry paste/additives used for animal feeding
In terms of imports, there has been a decrease in expansion, with a value of 47,674 million baht, a reduction of 2.81 percent from 2022. The main agricultural products imported are cassava chips and cassava pellets and frozen cassava / corn kernels for popcorn (popcorn) and corn suitable for human consumption and animal food / flavored food such as tofu, powdered alcohol, non-dairy creamer / cigarettes containing tobacco / flavored food for infants or young children / Vegetable fats and oils such as soybeans, corn, coconut, peanuts / Broken kernels and coarse rice / Canned tuna / Bakery snacks such as biscuits, cakes, pastries / Live cattle.
In the ASEAN market, Thailand still maintained a trade surplus of 53,387 million baht (an increase of 19.53 percent) during the first quarter of 2023. The major export products are sugar / rice / dog or cat food / nuts / fresh fruits (longan, lychee, mangosteen) / non-dairy creamer / flavored food for infants and young children / non-alcoholic beverages. Alcohol e.g. UHT milk, soy milk / broken rice.
According to Agricultural Economics in Thailand, Malaysia and Cambodia rank 2nd and 3rd in ASEAN trade value.
Vietnamese economists report that Malaysia accounts for 17.81% of the export value of 18,001 million baht. The main export products are natural latex / sugar / meat pieces and other parts of chicken (wings, thighs, liver) frozen / dog or cat food / Palm kernel oil / Tapioca starch / Food flavoring for babies and young children / Sauces and flavorings for making sauces such as seasoning powder, fish sauce, oyster sauce, chili sauce, ready-made curry paste in Malaysia.
While Cambodia reports an export value of 13,331 million baht, accounting for 13.17 percent. The main export products are sugar / energy drinks / non-alcoholic beverages such as UHT milk, soy milk / non-dairy creamer / type of flavoring. For animal husbandry / ready-to-cook noodles / sauces and ingredients for making sauces such as seasoning powder, fish sauce, oyster sauce, chili sauce, instant curry paste / sausages / flavored fish such as fish sausage, fish balls / oil cake and other hard residues obtained from the extraction of soybean oil, such as defatted soybean flour and soybean meal.
