Import & Export from/to Thailand
Thailand’s overall export value slightly increased by 0.90% or USD479mil in Q1 2016 at USD53,829mil comparing to Q1 2015 at USD53,351mil. The main contribution for the increase comes from Switzerland which jumped from USD536mil to USD1,644mil while the main contribution for the decrease comes from China by USD356mil and Cambodia by USD238.
Thailand Export Index by country for Q1 2016
Electrical household appliances remains the highest at USD576.81mil which increases by 21.23% from the previous month. The second highest imported consumer good group including fruits, vegetables, fruit and vegetable preparations went up to USD216.13mil which is 15.61% higher than the previous month. For the third highest group, the value of imported medicinal and pharmaceutical products was at USD211.37 which is dropped by 3.69% comparing to the previous month.
While the total value of imported consumer goods went down in Jan 2106, it actually follows the same trend as for Jan 2015 which we can see the recovery by the end of the quarter.
Source: Ministry of Commerce (Thailand)
The latest ASEAN import of services by AMS and broad categories (in US$ million) can be seen as follows which can be seen that Thailand contributes a very large market share among ASEAN members.
Source : http://aseanstats.asean.org
The Thailand Board of Investment is currently promoting foreign investment, especially by Australian manufacturing companies looking to expand their business into S.E Asia, with a combined domestic market of over 600 million people, and the AEC commencing in 2015.
Thailand is in an ideal location as a leading economy in the region and gateway into China, India, Myanmar (Burma), Laos, Cambodia, Vietnam, Malaysia and Singapore.
Come and hear what local Australian/Thai business people have to say about “doing business in Thailand” and what the BOI has to offer as incentives to FDI’s. BOI will be represented by one of its most senior executives from the Thai government in Bangkok.
A half day seminar will be held at DAFWA theatrette South Perth for the agribusiness sector and Australian companies looking to expand into Thailand and the ASEAN region.
Event venue: DAFWA Theatrette, Baron-Hay Court, South Perth
Date: 22nd February 2016
Time: 08:45 AM – 12:30 PM
For further information about this event, contact Peter Cook AgKnowledge (Perth) on (+61) 8 9291 8111 or (+61) 417 953 957 or cooke@iinet.net.au
Darren McCoy – VC Group (Sydney) on (+61) 407 463 488 or Email: darren.mccoy@vcgroup.com.au
From the YoY import food statistics between 2014 and 2015, Singapore still remains No. 1 highest exported food into Thailand even though the total imported value dropped by 3%. USA also remains No. 2 highest exported food into Thailand with the sustainable value. Since China’s total imported value dropped by 14%, Indonesia came as No. 3 even though Indonesia’s total imported food value dropped by 6% mostly from Thailand’s overall imported food value dropped by 5%.
Source: Ministry of Finance, Thailand
A Thai cosmetics company quickly pulled a video in which an actress wears blackface and promotes a skin-whitener with the slogan: “You just need to be white to win.” The retraction did little, however, to stem a debate the ad ignited about the regularity of racist advertisements in the Southeast Asian country.
The online ad for the new product called “Snowz” featured porcelain-skinned Thai movie star Cris Horwang talking about being an aging actress in a competitive industry.
“If I stopped looking after myself, everything that I have worked for — all the investment I have made to keep myself white — would disappear,” says the 35-year-old actress. “New stars would replace me, I would fade away.”
Thailand’s import index of Medical Devices for the period of 2012 and 2015 can be seen as follows.
Source : Ministry of Commerce
Imports in Thailand were recorded at 16870 USD Million in November of 2015, down 9.53 percent year-on-year. Imports in Thailand averaged 9569.09 USD Million from 1991 until 2015, reaching an all time high of 24937.81 USD Million in March of 2012 and a record low of 2760 USD Million in February of 1992. Imports in Thailand is reported by the Ministry of Commerce, Thailand.
TTIM F&B Insight 2016 is a must to attend event for business executives in the Food & Beverage sector. The morning programme is filled with the upcoming industry forecast by industry’s leading experts – a perfect opportunity for business networking and gathering exclusive industry insights!
WHEN –
WHERE – Sheraton Grande Sukhumvit, A Luxury Collection Hotel, Bangkok – 250 Sukhumvit Road Bangkok, Bangkok 10110 TH – View Map
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