Thailand No.1 Durian exporter, 800M USD in 6 months.
The Department of Trade Negotiations (DTN) came out to report the great increase in Durian exports amounting to 817 Million USD in the first 6 months of 2019. The increase of Durian exports is thanks to the Free Trade Area (FTA). There is a growth of 45% compared to Durian exports number in the first 6 months of 2018. The main importer of Thai durian is China with a growth of 70% compared to 2019.
Oramon Suptaweetham from the DTN reported on the 23 August 2019 that Durian is the most popular export fruit of Thailand making up 44% of all fruit exports. Thailand’s current durian exports are valued at 817 Million USD, an amazing increase of 45% compared to the same time period in 2018. The main importers are China and ASEAN nations. Thailand has become the biggest durian exporter winning over Hong Kong and Malaysia.
This is thanks to the FTA that is pushing more exports by decreasing the import tax in the member nations with Thailand and ASEAN. Thai Durian is exempted importation tax in 16 countries including China, Hong Kong, Australia, New Zealand, Japan, Vietnam, Singapore, Indonesia, Laos, Cambodia, Myanmar, Philippines, Brunei, India, Chile, and Peru. There are 2 nations that grant a decrease in importation tax which are South Korea at 36% from 45% and Malaysia at 5 %.
The main market for Thai Durian is China and ASEAN importing 79% of all durian exports. In the first 6 months of 2019, Thailand has exported 425 Million USD of durian to China and 219 Million USD to the ASEAN market. There is an increase of 41,840% on Thai durian exports to China compared to the year 2002, exactly one year before the Free Trade Agreement between ASEAN and China took place. Hopefully, Thai durian and other fruit farmers continue to use FTA as a growth tool in bringing income to the nation and the family.
FB Caption: In the first 6 months of 2019, Thailand has exported 425 Million USD of durian to China and 219 Million USD to the ASEAN market.
Source: Workpoint News