Thailand’s farm exports to ASEAN countries up 5.1 percent in Q1Thailand’s farm exports to ASEAN countries up 5.1 percent in Q1

Thailand’s exports of farm products to ASEAN (Association of Southeast Asian Nations) countries in the first quarter jumped 5.1 percent from the same period of last year, according to the Ministry of Agriculture and Cooperatives on Wednesday.

The country’s overall trade of agricultural products with ASEAN totaled 113.5 billion baht (3.6 billion U.S. dollars) in the first quarter, said the Ministry’s Office of Agricultural Economics Deputy Secretary General Tatsanee Muangkaew.

Thailand ranks among the world’s leaders in the exportation of rice, seafood, rubber and sugar.

Tatsanee said Thailand has enjoyed a trade surplus of 37 billion baht (1.18 billion U.S. dollars) in the first quarter, with Cambodia being the largest ASEAN trade partner totaling about 14 billion baht (449.4 million U.S. dollars).

She noted that Thai agricultural product exports had generally been sluggish since the end of last year largely due to drought and the COVID-19 pandemic.

 

 

Source: China – ASEAN Business Council