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
Exports up for first time in 6 months
Exports rose for the first time in six months in January, largely driven by shipments of oil and gold.The Commerce Ministry reported on Monday that customs-cleared exports rose 3.35% year-on-year in January, fetching US$19.62 billion, with imports dropping 7.86% to $ 21.18 billion, generating a ...
Phusadee Arunmas
Thai-Cambodian trade will miss $15bn target this year
The US$15 billion bilateral trade target between Cambodia and Thailand set for this year will not be reached, but senior officials say they are happy so far.Trade between the two countries grew by 12% in 2019 to $9.4 billion, increasing from $5 billion in 2015, ...
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
Cross-border commerce falls short
Cross-border trade fell by 3.4% in 2019, weighed down by the strong baht, volatile foreign exchange and the prolonged trade war.The Commerce Ministry’s Foreign Trade Department said on Tuesday that the country’s overall cross-border trade, including transit trade, amounted to 1.337 trillion baht, falling short ...
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
Border trade drops 2.97 per cent in first 11 months of year
Border trade in the first 11 months of 2019 fell 2.94 per cent year on year to Bt1.23 trillion, the Department of Foreign Trade under the Commerce Ministry revealed.Keerati Rushchano, director-general of the department, said that Malaysia remained Thailand’s top trade partner among border countries ...
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
