reader Posted August 22, 2019 Posted August 22, 2019 From Nationmultimedia US market a boon for Thai exporters as trade war bites Thailand’s exports to the US rose by double digits in the first seven months of the year, partly due to the ongoing US-China trade war, which is making importers turn to Thailand. Exports to the US accounted for 12.8 per cent of Thailand’s total exports, followed by 11.3 per cent to China from January to July this year, the Commerce Ministry said. Last year, exports to the US accounted for 11.1 per cent of total exports, compared to 12 per cent to China. “The growth of Thai exports to the US in the first seven months is high, partly due to the ongoing trade war and also because Thailand offers diversified products that can meet market demands there,” Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office, said. Thailand exports many different kinds of products to the US, such as rubber products, autos and auto parts, steel products, electrical home appliances, frozen food and home decorations, she said, adding that the prospect of the US market looks good overall. The National Economic and Social Development Council also said on August 19 that some foreign investors have started relocating factories from China to Thailand in order to avoid high US tariffs. https://www.nationthailand.com/business/30375162 Quote
