Dairy products, prepared poultry, fruits & vegetables play a key role on Thai – Dutch Agri-Food economic collaboration
Thai Economy in 2024 is expected to expand at a quicker pace than in 2023 between 2.2-3.2%, supported by the favorable growths of private consumption and private investment, a stronger recovery of tourism sector, and the return to an expansion of export of goods in tandem with the global economic recovery. Risk factors include high levels of household and corporate debts, climate change impacts on agricultural production, delays in the government budget disbursement, and volatile economic and financial situations.
In 2023, the top five import items were electronic integrated circuits; machinery and parts; chemicals; medicinal and pharmaceutical products; and electrical machinery and parts. Principal agricultural imports from the Netherlands are fruits, vegetables and their preparation, milk and dairy products, and other food.
Similarly, Thailand’s top export items to the Netherlands are concentrated on industrial products. These included computers and parts, electrical transformers, electronic integrated circuits, electrical equipment and parts, as well as printers and telephone sets. For agricultural products, key exports in 2023 were rubber products and prepared poultry.
More information on Thailand’s economic update :
https://www.netherlandsandyou.nl/web/thailand/about-us/thai-economic-performance
