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Exports of Thai Durian Help the Economy amidst COVID-19 Crisis
27
Jul
Jul
In 2021, despite the slowdown in Thai rice exports But the total agricultural export value of Thailand has not decreased accordingly because Exports of Thai fruit help the economy. It has the biggest market share of the agricultural export market at 29 percent and a very high export value of $5.7 billion, which is six times the value of fruit exports over the previous ten years, even in the face of the COVID-19 crisis.
What is the King of Thai Fruits?
The main export fruit is durian, the “King of Fruits” in 2021, with an export value of up to $3.5 billion. The export growth rate was 68%, followed by longan and mangosteen, which were continuously popular in demand abroad.
According to Trade Map data of the International Trade Center (ITC), it was found that in the global durian import market. Thai durian is the most popular (76% market share of global durian imports), followed by durians from Hong Kong and Vietnam, respectively. Thai mangosteen is also the most popular in the world market.
Exporting Thai fruits during the COVID-19 period and the future
Due to the COVID-19 pandemic’s uncertainty, which started to afflict people around the end of 2019 and is still ongoing. However, Thai fruit exports can continue to expand according to consumer demand since 2019 until now. And it is expected to grow further in 2022 and more.
Despite the high demand for goods during the COVID-19 period, exporters face a number of restrictions on export processes, such as international shipping measures. Restrictions on the closure of transport channels at certain points Controlling sterile products, however, Thai entrepreneurs have adapted to operate their businesses well during the epidemic.
Source: https://www.bangkokbiznews.com/columnist/1006198