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Thai exports losing foothold in China

The Trade Policy and Planning Division of the Commerce Ministry stated on Thursday.

According to the office, processed sweet corn and crackers accounted for 79% and 73% of sales in their respective segments, while Thai sticky-rice flour had a 99% market share in China last year.

Poonpong Naiyanapakorn, its director, noted that Thailand was China’s 14th-largest trading partner in 2017.

According to him, Thailand’s overall exports to China in 2017 were worth 1.98 trillion baht (US$56.52 billion).

The top exporters to China are Taiwan, South Korea, and Japan.

According to data, Thai products are losing market share in China.

According to Poonpong, Thai-made crackers experienced the most growth on the Chinese market last year, rising 44.1% year over year.

Electronic calculator and camera sales both increased significantly by 16.7% and 15.4%, respectively.

According to data from the office, the three Thai products whose exports to China decreased most last year were rubber (down 8.7% year over year), fresh, dried, and frozen fruits (down 5%), and computers and components (down 4.3%).

In order to prevent losing a larger share of China’s market, it recommended exporters to research market trends and rivals in China as well as look outside of first-tier cities.

The trade policy office compiles information on the sales of Thai goods in foreign markets, and this information is accessible on its website at https://com/.

The “global demand dashboard” on the website provides access to the data for Thai producers, exporters, analysts, and the general public.

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