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.
