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184073
Tue, 05/24/2011 - 11:56
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http://m.oananews.org//node/184073
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Thai exports increase one year after trade liberalization in Southeast Asia
BANGKOK, May 24 (TNA) - The Center for International Trade Studies at the University of the Thai Chamber of Commerce (UTCC) reported on Tuesday that Thai exports have increased one year after the full implementation of the ASEAN Free Trade Area (AFTA), which started at the beginning of 2010.
Ath Pisarnwanich, director of the center, said that in 2010 the value of Thai exports in the region was estimated at 36,239 million US dollars, rising 39.5% or by 10,258 million US dollars from 25,981 million US dollars in 2009, while the market share of Thailand in the region stood at 35.8%.
The major exports of Thailand during this period were electrical and electronic appliances, petroleum, coal, automobiles and automotive parts, which added to Thailand’s growing market share by 1.23%, while those of Vietnam and Indonesia expanded by 0.85% and 2.69%, respectively. Overall, Thailand gained the biggest export expansion after the full implementation of the AFTA.
From 2006 to 2010, Singapore was the biggest exporter in Southeast Asia, with an export value of an estimated 106,605 million US dollars in 2010, rising by 19,554 million US dollars, followed by the export values of Malaysia, Thailand and Indonesia, which make up nearly 50% of the overall export value in the region in 2010. Singapore was also the biggest importer as it focuses on trade, not on production. In 2010, its imports were estimated at 74,700 million US dollars.
Regarding the export of rice before and after the full implementation of the AFTA, Vietnam initially had the biggest market share at 75.72%, but witnessed a slight drop by 4.34% to stand at 71.38%. Thailand had the second biggest rice market share at 22.37%, and gained a 5.24% increase after the AFTA implementation.
Thailand also had the biggest market share in rubber trade both before and after the AFTA implementation, though the share here declined slightly from 69.35% to 64.02% with the AFTA, which was followed by those of Indonesia and Vietnam.
In vegetable and fruit trades as well as sugar exports, Thailand still had the biggest market shares, but which fell to 64% and rose 77.05%, respectively. (TNA)
Ath Pisarnwanich, director of the center, said that in 2010 the value of Thai exports in the region was estimated at 36,239 million US dollars, rising 39.5% or by 10,258 million US dollars from 25,981 million US dollars in 2009, while the market share of Thailand in the region stood at 35.8%.
The major exports of Thailand during this period were electrical and electronic appliances, petroleum, coal, automobiles and automotive parts, which added to Thailand’s growing market share by 1.23%, while those of Vietnam and Indonesia expanded by 0.85% and 2.69%, respectively. Overall, Thailand gained the biggest export expansion after the full implementation of the AFTA.
From 2006 to 2010, Singapore was the biggest exporter in Southeast Asia, with an export value of an estimated 106,605 million US dollars in 2010, rising by 19,554 million US dollars, followed by the export values of Malaysia, Thailand and Indonesia, which make up nearly 50% of the overall export value in the region in 2010. Singapore was also the biggest importer as it focuses on trade, not on production. In 2010, its imports were estimated at 74,700 million US dollars.
Regarding the export of rice before and after the full implementation of the AFTA, Vietnam initially had the biggest market share at 75.72%, but witnessed a slight drop by 4.34% to stand at 71.38%. Thailand had the second biggest rice market share at 22.37%, and gained a 5.24% increase after the AFTA implementation.
Thailand also had the biggest market share in rubber trade both before and after the AFTA implementation, though the share here declined slightly from 69.35% to 64.02% with the AFTA, which was followed by those of Indonesia and Vietnam.
In vegetable and fruit trades as well as sugar exports, Thailand still had the biggest market shares, but which fell to 64% and rose 77.05%, respectively. (TNA)
