Thai exports to China drop 45% in April

0

Thai media reported that when announcing the data on border trade and cross-border trade transactions in April 2022, Zhu Lin, Thai Deputy Prime Minister and Minister of Commerce, pointed out that the value of large border trade transactions was 127,152 billion baht, down 10.83% from the same period last year. He pointed out that the fall in the value of cross-border trade transactions was partly due to the fact that exporters switched to sea and air transport instead of road transport, which reduced the share of road transport exports by 9 .49%.

As for cross-border cross-border trade, Thailand’s April trade with China, Singapore, Vietnam and other third-party cross-border road transport trade totaled 45.651 billion baht, down 34.77% from one year to the next. China remains Thailand’s largest cross-border land trader, with exports of 11.965 billion baht, down 45.01%, with commodities such as fresh/frozen/canned fruits, rubber products and wood.

Zhu Lin said that on the one hand, the benefits of exports are for countries to ease restrictions on pandemic prevention and promote normalization of trade. At the same time, there is the devaluation of the Thai baht against the US dollar, and finally, the Ministry of Commerce and relevant parties have integrated resources and proposed policies and measures to support exports.

Source: FruitReviewer

Share.

Comments are closed.