Thai exports

  • Economy

    Government economic agency says China’s zero-Covid policy hurting Thai economy

    China’s relentless pursuit of a zero-Covid status, coupled with tough import restrictions, is having a negative impact on the Thai economy. So says the Thai economic planning agency, the National Economic and Social Development Council. According to a Nation Thailand report, the NESDC says it’s watching China closely, after a strict lockdown was enforced in Shanghai and other cities. “China’s…

  • Economy

    Thailand’s March exports spike nearly 20% year on year

    Last month, Thailand’s exports surged at an unexpectedly high rate, jumping by 19.5% when compared to the same time last year. A Reuters poll conducted in March had predicted the country’s exports would only rise by 2.4%. According to the Thai customs department data, 2 major products contributing to the export jump were gold, and electronics. Gold exports in March were…

  • Economy

    EU Free Trade Agreement talks resume after 7-year coup hiatus

    After a 7-year delay following Thailand’s military coup, talks have resumed to create a Free Trade Agreement between Thailand and the European Union. The Ministry of Commerce hosted a meeting this morning between Thailand’s Commerce Minister, also a Deputy Prime Minister, and the Ambassador of the European Union to Thailand. The two met to have conversations about a variety of…

  • Philippines

    Philippines confirms delay in imports of AstraZeneca doses from Thailand

    The Philippines has announced that the arrival of a first batch of AstraZeneca vaccines being imported from Thailand has been delayed. The delivery of the vaccines, manufactured in Thailand and ordered by the Philippines, has now been pushed back by several weeks. According to a Bangkok Post report, the development gives rise to questions about Thailand’s distribution plans for Southeast…

  • Myanmar

    Myanmar preparing to shut down import of Thai soft drinks via land transport

    Thailand’s Commerce Minister is preparing to hold urgent talks with Myanmar following the news that Burmese officials are planning a ban on the import of Thai soft drinks over land. Jurin Laksanawisit says the reason for the ban is not known, with Myanmar insisting only imports via ship will be allowed. This ramps up the cost for Thai businesses and…

  • Economy

    8% March growth for Thai exports in promising recovery

    An 8% increase in exports is expected for March fueled by online officials connecting foreign buyers with Thai exporters. Commerce Minister Jurin Laksanawisit touted the success of this plan to have officials working as salesmen to promote Thai products worldwide, the results of which produced 14.4 billion baht in exports last year. The Trade Policy and Strategy Office will release…

  • Thailand

    Stuck ship partially freed, Thai exports look to bypass Suez

    The massive container ship stuck in the Suez Canal, the world’s busiest trade routes, has been partially freed and refloated. The 400-metre cargo ship was pushed off track by strong wind and has been wedged sideways, blocking the trade route in Egypt. Thai exporters have been looking into bypassing the Suez Canal and some may still have to seek extensions…

  • Coronavirus (Covid-19)

    Opportunities for 2020 export growth in Thailand

    Despite the whirlwind of shutdowns, lockdowns and craziness descending on Thailand at the moment, the departments are still churning out numbers and trying to forecast the way ahead. They say that, due to the Thai baht weakening and massive government interventions around the world for both monetary and fiscal policies, there is still a chance that Thailand could reduce the…

  • Crime

    Minister pledges to sort out Thailand’s export procedures in wake of New Zealand drugs bust

    PHOTO: www.chiangraitimes.com Following the seizure in New Zealand last month of shipping containers from Thailand packed with drugs, Deputy Transport Minister Athirat Rattanaset says the country must improve its maritime export procedures. He was speaking at a meeting with exporters, saying the drugs bust in New Zealand has had a negative impact on Thailand’s image and calling on them for…

  • Business

    Baht to climb higher against USD, more pressure on exports

    The Thai baht is set to soar further as one side effect of the latest escalation of the China-US trade war. Economists say the latest tit-for-tat trade sanctions will hasten foreign capital inflows into Thailand’s “safe haven” bond market while the US Federal Reserves may again cut interest rates, adding more fuel to the situation. Meanwhile the Thai export situation…

  • Business

    Urgent meetings to consider impact of US-China trade war on Thai exports

    The Thai government is reacting quickly to perceived threats to the Thai export business by the ongoing US-China trade wars which have been ramped up in the past week by, firstly, US President Donald Trump rising the tariffs on a raft of additional Chinese items. Then China announced yesterday that it will impose tariffs on US$60 billion of US goods from June…