Trade
Exports
Commerce Ministry sees possibility for 2020 export growth
Despite exports falling in February and the stampede of negative factors that have ensued, the Commerce Ministry still sees room for Thai export growth this year.Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office, said Thailand is competent in the food and agricultural industries ...
Phusadee Arunmas
LTFT forecasts land exports to dip
Land transport from Thailand is expected to drop sharply this year.The Land Transport Federation of Thailand (LTFT) expects shipments overland to continue to drop because of the Covid-19 outbreak limiting demand worldwide.The organisation is concerned food exports will be particularly affected as food products and ...
Lamonphet Apisitniran
Thai exports to China in some sectors defy Covid-19 impact
Thailand’s exports to China were able to grow in some industries such as plastic, automotive spare parts and agricultural products despite the outbreak of Covid-19, Suphan Mongkolsuthree, chairman of the Federation of Thai Industries (FTI), said.He was speaking after a meeting with Li Zhigang, vice-chairman ...
The Nation Reporter
Suspension of GSP to affect exports of 573 Thai products
The US suspension of tariff privileges under the Generalised System of Preferences (GSP), which comes into effect on April 25, will affect 573 Thai products, a Cabinet meeting on March 3 was told, Deputy Government Spokeswoman Rachada Thanadirek said.The businesses in the listed products will ...
The Nation Reporter
State to push promising products
Some 30 product items have promising export prospects and need special effort from the government to increase shipments, says the Commerce Ministry’s planning unit.Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office, said agricultural, food and industrial items are among the products, contributing a ...
Phusadee Arunmas
Improvement in December, but 2019 exports dip 2.65%
Thai exports last year contracted 2.65 per cent year-on-year to US$246.244 billion, Pimchanok Vonkorpon, director-general of Trade Policy and Strategy Office, said on Wednesday (January 22).Imports last year totalled $236.639 billion, down 4.66 per cent. Exports dropped 1.28 per cent in December year-on-year to $19.154 ...
The Nation Reporter
Value of food exports to increase 5.4% this year
The National Food Institute forecasts that the value of food exports this year will be US$34.9 billion (Bt1.05 trillion), up 5.4 per cent year on year, according to its president Anong Paijitprapapon.However, the value of exports will contract 0.3 per cent to Bt1.02 trillion if ...
The Nation Reporter
Exports see drop for 4th month
Exports fell for the fourth straight month in November, plunging by 7.39% year-on-year, attributed largely to lower oil and farm product prices, the world’s economic and trade slowdown, ongoing trade tensions between the US and China and baht appreciation.The Commerce Ministry reported on Monday customs-cleared ...
Phusadee Arunmas
NEA to use AI and Big Data to boost exports
The New Economy Academy (NEA), an agency under the Commerce Ministry’s Department of International Trade Promotion (DITP), says it will use AI and Big Data to promote SMEs and analyse the demand of foreign consumers based on their behaviours, trends and cultures.NEA director Nanthaphong Jiralertphong ...
The Nation Reporter
Commerce Ministry urges industries to increase their exports until early 2020
Deputy Prime Minister and Commerce Minister Jurin Laksanawisit said on Wednesday (December 4) that his ministry has held discussions with the Thai Chamber of Commerce, the Federation of Thai Industries and representatives from the private sector, asking them to accelerate the export of products that ...
The Nation Reporter