Thailand has announced an ambitious plan to export 1 million tonnes of durian this year, valued at approximately 130 billion THB (3.53 billion USD). This strategic move, primarily targeting the Chinese market, is spearheaded by Minister of Agriculture Thammanat Prompao. The Minister emphasized the importance of meeting China’s GAP standards, with the Fruits Board working […]
China, Vietnam, and Thailand: Pillars of Cambodia’s Import Economy
In January, Cambodia’s imports surged to nearly $1.6 billion, with China, Vietnam, and ThailIcontributing significantly, making up about 75% of the total imports. China remains the largest supplier, reflecting its significant influence and capacity in the region. This trend is not just a reflection of market dynamics but also of strategic geographical and economic ties, […]
Thailand’s Automotive Market: A New Player Emerges
Bangkok—The landscape of Thailand’s automotive industry is undergoing a significant transformation. Long dominated by Japanese manufacturers, the market is now seeing the rise of Chinese electric vehicle (EV) makers, challenging the established order. Siam Motors, a cornerstone of Thailand’s economic growth since its partnership with Nissan in 1962, exemplifies this shift. The company’s Vice President, […]
Thailand’s Economy Rebounds with Surge in Tourism
Thailand’s economy has shown a significant rebound in early 2023, driven primarily by a resurgence in international tourism and robust private consumption. The country’s GDP growth increased to 2.6% in 2022, up from 1.5% in 2021, with expectations of further improvement in 2023. The relaxation of COVID-19 restrictions has led to a substantial increase in […]
Philippine Exports Decline in June 2015 Amid Global Challenges
Manila, Philippines – The Philippine export sector faced significant headwinds in June 2015, with revenues declining by 3.3% year-on-year to $5.28 billion. The downturn, driven by reduced demand from key trading partners and price pressures on major export commodities, underscores the challenges facing the country in a volatile global economy. Electronics Exports: A Sector Under […]
Thailand’s Exports Surge in October Amidst Global Economic Challenges
In a notable economic upturn, Thailand’s exports rose by 27.9% in October, marking the fastest growth rate in three years, as reported by the central bank. This increase, fueled by heightened demand from key international markets, contributed to a $1.44 billion trade surplus, although it was a decrease from September’s surplus. The substantial growth in […]