Creating the Future of Finance - Breakthrough Innovation
% 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%
2017
2018
2019
2020
2021
11M22
25%
6.15%
13.07% 13.85%
15%
5%
35%
2017
2018
2019
2020
2021
11M22
29.21%
16.34%
25%
18.08%
15.28%
15.38%
7.60%
5%
5%
8.56%
-5%
-0.18%
0.86%
-5%
-2.40%
-6.48%
-15%
-15%
ASEAN-5
CLMV
EU
China
Japan
USA
Total Export
ASEAN-5
CLMV
EU
China
Japan
USA
Total Imports
2021
11M22
2021
11M22
Value
Value
Value
Value
Exports
Imports
Share
Share
(Million
USD)
(Million
USD)
(Million
USD)
Share
(Million
USD)
Share
ASEAN-5
31,868
11.9%
34,072 12.1%
ASEAN-5
37,080
13.67%
38,032
14.3%
CLMV
27,935
10.3%
28,875
10.9%
13,916
5.2%
5.2%
CLMV
14,620
EU
22,541
8.3%
20,962
7.9%
EU
18,711
7.0%
16,808
6.0%
China
13.7%
37,204
31,831
12.0%
China
66,546
24.9%
65,463
23.3%
Japan
9.2%
24,985
22,872
8.6%
Japan
35,685
13.3%
32,022
11.4%
USA
41,768
15.4%
43,569 16.4%
USA
35,685
13.3%
16,549
5.9%
Total
271,174 100.00%
265,349 100.00%
Total
267,600
100.00%
280,438 100.00%
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
■ 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, 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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