KBank's Strategic Acquisition in Muang Thai Group Holding
% YoY
K
KASIKORNTHAI
Export and Import Growth by Key Destinations
Export growth by key destinations
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
Import growth by key destinations
35%
2018 2019 2020
2021
2022
3M23
35%
2018 2019
2020
2021
2022
3M23
25%
15%
5%
25%
5%
8.18%
3.52%
2.16%
5%
55%
-5%
-0.24%
-2.20%
-2.20%
-5%
-3.88%
-4.50%
-6.30%
-7.40%
-0.73%
-5.54%
-0.50%
-15%
-15%
ASEAN-5
CLMV
EU
China
Japan
USA
Total Export
ASEAN-5
CLMV
EU
China
Japan
USA
Total Imports
2022
3M23
2022
3M23
Value
Value
Value
Value
Exports
Imports
Share
Share
(Million
(Million
(Million
Share
(Million
Share
USD)
USD)
USD)
USD)
ASEAN-5
40,743
14.19%
10,220
14.5%
ASEAN-5
37,046
12.2%
9,239 12.6%
CLMV
31,147
10.9%
6,957
9.9%
CLMV
15,954
5.3%
4,220
5.8%
EU
22,794
7.9%
5,753
8.2%
EU
18,244
6.0%
4,797
6.5%
China
34,390
12.0%
7,726
11.0%
China
71,014
23.4%
17,479
23.8%
Japan
24,669
8.6%
6,467
9.2%
Japan
34,584
11.4%
8,496
11.6%
USA
47,527
16.6%
Total
287,068 100.00%
11,449 16.3%
70,280
USA
18,026
5.9%
4,688
6.4%
100.00%
Total
303,191
100.00%
73,324 100.00%
Source: Ministry of Commerce
บริการทุกระดับประทับใจ
K
KASIKORNTHAI
Challenges: Exports
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
In 2023, Exports are expected to experience negative growth amid several uncertainties
Exports
Short-term Challenges
Key Structural Problems
Key Affected Products
Short-term Measures from Authorities
and Related Parties
Long-term Measures from Authorities
and Related Parties
■Global economic recession
■High uncertainty surrounding the banking turmoil in the West
■ Ongoing geopolitical risks
■Declining commodity prices
■THB volatility
■High dependence on China's market
■Changing demand in electronic products and loss of competitiveness in some areas
(e.g. HDD)
■High crop surplus among competitors
■Electronics and Electrical Appliances (Structural Challenge)
■Fishery and Agriculture Products (US SIMP)
■Steel and Aluminum (US tariffs and CBAM), Washing machine (US tariffs)
■Plastic, ICs, Machinery and Electrical Equipment (US-China trade dispute)
■Extending products to catch up with changing consumer trends
■Enhancing practices to comply with international standards
■Setting up export promotion board
■ Providing supports to help individuals gain skills and qualifications relevant to the needs
of the labour market
■Negotiating FTA and regional trade agreements
■Relocating factories to GSP eligible countries
■Promoting BOI privileges granting merit based on competitiveness enhancements
■Enhancing productivity
Note: HDD = Hard Disk Drive; IUU fishing = Illegal Unreported and Unregulated fishing; FTA = Free Trade Area; GSP = Generalized System of Preferences; BOI = the Board of Investment of Thailand
Source: KResearch (as of January 2023)
บริการทุกระดับประทับใจ
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