Thailand Aims to Strengthen Export Markets

tendata blogTrade Trends News

ten data blog12-12-2023

thailand strengthen export,thailand strengthen exports,thailand strengthen export market

Commerce Minister Phumtham Wechayachai is scheduled to lead a trade delegation to Kunming on Dec 17-18 to boost trade between Thailand and China.

During the visit, Phumtham said a memorandum of understanding on trade in agricultural products, processed agricultural products and processed foodstuffs worth 5.6 billion baht would be signed between Thai and Chinese private companies.

By early next year, plans are being made to showcase and expand the market for Thai products and soft power in the United States, he said.

Mr. Phumtham said Thai products and services with opportunities in the US market include rice, electronics, household appliances and Thai food services.

There are also plans to showcase Thai products in Iran, which is considered a potential new market, he said.

Previously, Iran has shown strong interest in buying Thai rice.

However, Phumtham said Thai business operators still face challenges in making payment transactions through financial institutions due to sanctions imposed on Iran.

He said both Thailand and Iran are seeking a solution to the problem and if successful, there could be significant opportunities to expand trade between the two countries.

"I have provided senior officials at the Ministry of Commerce with guidelines for developing export markets for Thai products globally," Mr. Phumtham said.

"These strategies include maintaining existing markets, exploring new markets and identifying potential markets where Thai products can be sold."

The ministry's initial export target for Thailand in 2024 is set at a growth of 1.99% with an estimated value of US$288 billion or about 10 trillion baht.

The export target is closely related to the 1-2% growth forecast by the private sector.

For next year, the Department of International Trade Promotion is preparing various activities to increase exports, with a total of 417 activities expected to generate 65.7 billion baht in revenue.

>>>Click to Inquire for More Information about Tendata<<<

Shanghai Tendata Information Technology Co., Ltd. is headquartered in the Lujiazui Financial District and has been deeply involved in the import and export big data services industry for 17 years. Tendata Shanghai is a comprehensive information service provider that is rooted in the field of international trade, utilizing big data and artificial intelligence as its foundation. We specialize in data collection, mining, application, and services in the international trade sector. Additionally, we offer extended services such as industry consultation and trade facilitation.

tendata,import data,export data

Since its establishment in 2005, Shanghai Tendata has grown to have a workforce of over 500 dedicated professionals. We have provided effective market expansion and marketing solutions, as well as customer management services, to more than 40,000 domestic and international import-export enterprises. Rest assured when using Tendata data as we have an experienced product development team and a dedicated after-sales support department. (>>>Click to Inquire about Tendata Products<<<)

>>>Click to Request Demo<<<

Leave Message for Demo Request or Questions

We always appreciate your visit at We'd love to hear your suggestions, feedback & queries. Please contact us to schedule a demo or learn more about our services. We will respond to your query within 1 working day.
  • Full company name please

  • 输入您的手机号

  • 输入您的邮箱

  • Fill in the code please

More Popular Blogs

These related articles may also be of interest to you

Geting Price

Global Trade Data Leader
Get Pricing
Free Demo
'Target Customer
'Acquisition & Intelligent
'Global Trade Marketing Intelligent
'Decision-Making SaaS Platform

Welcome Tendata · iTrader

Please fill in the infos to get free demo

  • *

    Enter your name please

  • *

    Full company name please

  • *


  • *


  • *


  • Read and agree to Service Agreement and Privacy Policy