export
- Business News
Thai rice exporter says policy changes are grain-ing momentum
A seasoned Thai rice exporter expressed support for upcoming changes in rice trade policy, anticipated to be enacted later this month, though he highlighted that small businesses still encounter significant obstacles in entering international markets. After the first meeting of the Operational Committee under the 1946 Rice Trading Act (Session 1/2025), Commerce Minister Pichai Naripthaphan announced that the committee had…
- Thailand News
Thai durian exporters face losses due to new Chinese regulations
Durian farmers and exporters in Chumphon province are facing significant financial losses due to new Chinese import regulations requiring certification for the absence of Basic Yellow 2: an organic compound classified by the World Health Organisation as a Group 2B carcinogen. Thailand currently lacks the necessary testing equipment, leading to delays and financial strain for the industry. The new Chinese…
- Business News
Thai exports up 7% in August, hitting US$26.2 billion
Thai exports saw a significant rise in August, expanding by 7% to reach US$26.2 billion (940 billion baht), fuelled by a surge in demand for agricultural and food products. This growth was attributed to the increased purchasing power of trading partners, alongside support from global climate fluctuations and the recovery of the service sector in key markets, said Poonpong Naiyanapakorn,…
- Business News
Thailand boosts export defences amid global recession fears
The Government of Thailand ramped up efforts to counter potential impacts on exports amid concerns of a looming global recession driven by US economic uncertainties. Commerce Minister Phumtham Wechayachai highlighted the continuous monitoring of the US economic landscape, expressing worries about a possible recession that could ripple through global markets. “The government will not let Thai businesses and consumers be…
- Business News
Thai-Philippine MoUs for rice exports worth 2.8 billion baht signed
The Commerce Ministry recently facilitated a significant trade development, leading a team of rice exporters to the Philippines and securing memorandums of understanding (MoUs) valued at 2.8 billion baht (US$77 million). Ronnarong Phoolpipat, Director-General of the Foreign Trade Department, headed the delegation, which included Charoen Laothamatas, president of the Thai Rice Exporters Association, during a visit from July 3 to…
- Business News
Thailand’s economic growth forecast cut to 2.4% amid weak exports
Thailand’s economic growth is forecasted to slow to 2.4% this year, a decrease from the 2.8% projection made in April, primarily due to weaker-than-expected exports and public investment in the early months of the year, the World Bank announced. The World Bank today, July 3, highlighted that the growth of Southeast Asia’s second-largest economy will be supported by consumer spending,…
- Thailand News
Thailand’s dominance in durian exports to China under threat
Thailand‘s reign as the leading exporter of fresh durians to China is teetering, as reported by an industry insider to Xinhua News Agency. The news has emerged in the wake of a report that China’s major land border checkpoint, Youyiguan, has received 48,000 tonnes of durian shipments in this year’s first quarter. The shipment detailed 35,000 tonnes of durians from…
- Business News
Jorakay to invest 300 million baht in Vietnam factory
Jorakay Corporation, a renowned producer of tile adhesive, grouting products, and various construction chemicals under the Crocodile brand, announced intentions to invest 300 million baht in a Vietnam factory in 2028. The investment is earmarked for the establishment of a factory in Vietnam, driven by robust demand and the company’s aspiration to expand its export reach to the Philippines and…
- Thailand News
Thai durians go hi-tech with Tencent
Thai trade representative Narumon Pinyosinwat held talks with a Tencent executive in Hong Kong, alongside a representative from Shanghai East Best Foreign Trade (SEBFT), a leading durian importer from China. In a post-meeting address to the press, Narumon revealed a monumental deal: SEBFT committed to purchasing a staggering 3,000 containers of Thai durians, amounting to a whopping 10 billion baht.…
- Business News
Commerce Minister markets Thailand film industry in Hong Kong
Phumtham Wechayachai, commerce minister, is currently on a visit to Hong Kong to market Thailand’s film industry and Y Series TV dramas. The visit, which started recently and is scheduled to run until Tuesday, also includes exploring avenues to broaden the Hong Kong market for Thailand’s agricultural products. The visit is led by Phumtham, who is also the deputy prime…
- Business News
Thai processed sugar exports to China surge due to ACFTA
Thai exports to China, particularly those of processed sugar items including syrup, artificial honey, and various sweeteners, have seen a significant surge, courtesy of the ASEAN-China Free Trade Agreement (ACFTA). Over the past decade, Thailand has witnessed a yearly growth of 145% in processed sugar exports to China, as reported by the Foreign Trade Department. Ronnarong Phoolpipat, the director-general of…
- Business News
Thailand capitalises on halal market amid renewed Saudi ties
Thailand and Saudi Arabia’s reestablishment of diplomatic ties in 2022, after a three-decade hiatus, has presented the Land of Smiles with fresh avenues to capitalise on its halal products’ demand in the Middle Eastern markets. The global Muslim population, approximately 2 billion, is projected to constitute 25% of the total populace by 2030. Thaweelap Rittapirom, the President of the Islamic…
- Business News
China surpasses Japan as world’s largest car exporter in 2023
China has seized the title of the world’s largest car exporter in 2023, according to recent industry figures. This marks a significant shift, seeing Japan’s reign topple for the first time since Germany’s lead in 2016. This new data, released yesterday, January 31, by a Japanese trade organisation, indicates a 16% increase in Japan’s car exports from the previous year,…
- Thailand News
Thai workers overseas contribute 60 billion baht in Q1
Over 21,000 Thai workers were dispatched overseas in the first quarter of the 2024 fiscal year, generating nearly 60 billion baht (US$1.69 billion) in remittances, as disclosed by a leading labour representative. The period of October to December saw 21,281 Thais heading overseas for work, half of whom, numbering 10,024, were recruited by the private sector, according to Pairoj Chotikasathien,…
- Business News
Thailand and China’s Guangxi discuss bolstering trade via ILSTC route
Trade discussions took place yesterday between Thailand and China‘s Guangxi Zhuang Autonomous Region, focusing on the potential use of the New International Land-Sea Trade Corridor (ILSTC) to enhance trade cooperation. Guangxi Zhuang, a southern Chinese region adjacent to Vietnam, is the operational hub of the ILSTC, a trade and logistics channel. The route extends from Chongqing to the Beibu Gulf…
- Business News
Commerce captain charts cost of living course: Cost-cutting and export-boosting ahoy
New Commerce Minister Phumtham Wechayachai aims to address the cost of living and align product prices with production costs. He plans to expedite efforts to discover new export markets and enhance Thai shipping opportunities through increased trade negotiations. On his first day, Wechayachai emphasized his commitment to Prime Minister Srettha Thavisin‘s policies and assured prompt attention to public concerns, especially…
- Business News
Rice and shine: Thailand sets sights on 8 million tonnes export mark
The director-general of the Department of Foreign Trade, Ronnarong Phoolpipat, announced that Thailand’s rice exports are expected to achieve the target of 8 million tonnes this year. This forecast comes after the recorded shipments through to August 29 reached 5.29 million tonnes, reflecting a year-on-year increase of 11.9%. This upswing in rice exports aligns with the rising concerns over drought…
- Business News
Thai industries call for new govt to revitalise flagging exports
The Federation of Thai Industries (FTI) declared the urgent need for Thailand to form a new government and establish fresh policies aimed at tackling lacklustre export performance. Data revealed a 7.4% decline to US$28 billion in the nation’s exports to its largest market, the Association of Southeast Asian Nations (ASEAN), during the period running from January to May. The FTI’s…
- Business News
Thai industries adjust strategies amid export downturn, eyes new markets
A recent downturn in exports has provoked 25 industry sectors to rethink their production strategies, the Federation of Thai Industries (FTI) has revealed. Key industries affected and readjusting include steel, machinery, construction materials and furniture, all of which significantly cater to the markets in Asia, the European Union and the United States. The FTI recently unveiled the results of a…
- Economy News
Eggs-traordinary crisis: Thailand’s soaring egg prices crack traders and consumers alike
The soaring cost of eggs in Thailand has left traders and consumers concerned, with some attributing the price hike to a shortage of supplies at farms and increased export demand. Wanchai Rungmitcharatsaeng, a 65 year old egg shop owner in Khon Kaen’s Mueang district, has been in the business for over 20 years and claims that egg prices have reached…
- Business News
Thai Shippers’ Council eyes 0-1% export growth amid new government push
The Thai National Shippers’ Council (TNSC) maintains that the nation’s exports can achieve a growth of 0-1% this year, calling for the swift formation of a new government to boost trade competitiveness and tackle economic challenges. TNSC Chairman Chaichan Chareonsuk anticipates that Thai exports from May to June will experience a slight year-on-year contraction, leading to a 5-6% decline for…
- Business News
Thai food exports target 10% growth amid rising demand, quality standards
The Thai Commerce Ministry aims to boost food exports by 10% in 2023, driven by growing demand and enhanced Thai standards for quality, safety, and sustainable production processes. Commerce Minister Jurin Laksanawisit announced the target during the opening of THAIFEX-ANUGA ASIA 2023, expecting food exports to reach 1.55 trillion baht this year, up from 1.36 trillion in 2022. The food…
- Economy News
Export of Thai durian made 187 billion baht in 2021
Rice is no longer Thailand’s largest export. It’s not rubber either, it’s durian. The export of the popular fruit made almost 187 billion baht in 2021. Rice made 100 billion baht, while rubber brought home 90 billion baht. Thailand is set to keep its status as the world’s largest durian supplier for the next five years. However, with intense competition…
- Economy News
Migrant labour shortage threatens Thai food export industry
The threat of global food shortages due to the ongoing Russia Ukraine war has prompted several countries to buy and stock-pile food from Asia. The Thai food industry has witnessed a surge in larger international orders, but the honeymoon phase could be brief since a major labour shortage in the food sector remains unresolved, according to the Chairman of the…
- Thailand News
Durian valued at 120 billion baht will be shipped to China this year
Thailand will export durians to the vale of 120 billion baht to China this year, about a 10% increase, according to Minister of Agriculture and Cooperatives Chalermchai Sri-on. The Chinese government has set strict controls against fruit imports during their Covid-19 pandemic response. Thailand exported 875,100 tonnes of durian to China last year, valued at 109 billion baht. Thailand’s durian…
- Thailand video news
Thailand News Update | Thailand ready for an Influx of tourists
Thailand slid into 8th place in a survey of 1 thousand 500 Americans on the world’s safest travel destinations but is still in the world’s top 10. Canada snagged the winning spot during this survey in 1st place, followed by Iceland, Sweden, Japan, Ireland, Switzerland, South Korea, Thailand, New Zealand and Australia. Thai PM Prayut Chan-o-cha has welcomed the ranking,…
- Thailand News
Thai durian shipment to China detected with Covid 19 on packaging
After signs of the coronavirus were detected on the surfaces of boxes of Thai durian, the delivery to China was blocked from entering for 3 days. Companies in Thailand’s fruit export industry have been advised to follow strict Covid-19 guidelines. A shipment of the famous King of Fruits, aka. Durian, from Thailand was reported to be infected at China’s Mohan…
- World News
Asia News Today | Indonesia’s hotel quarantine scams
Indonesia’s Tourism Ministry say authorities are cracking down on hotel quarantine scams, who he claims are allegedly perpetrated by organised groups, against foreign travellers. He’s already coined the groups the “quarantine mafia”. Police have been following up allegations of numerous reported scams in hotel quarantine across Jakarta. The scam involves travellers being told at the end of their hotel quarantine…
- Business News
Thailand’s chicken industry suffering from lack of migrant workers
Thailand, one of the world’s major producers of chicken products, is struggling to keep up with exports. Japanese food companies, one of the major importers of Thai chicken, are feeling the pinch. Like many industries, it’s a labour shortage causing many of the issues. Around the world, supply chains have been severely disrupted by the Covid pandemic and labourers have…
- World News
Ho Chi Minh lockdown impacts global coffee supplies
Vietnam’s lockdown of its largest city and exporting hub, Ho Chi Minh, has resulted in global concerns about coffee supplies as the country is a major producer of robusta, a bean known for its bitter taste which is often used in instant coffee. The southern city under strict travel restrictions following an uptick of cases involving the highly transmissible Delta…
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