DTN: Thailand becomes world’s biggest rubber exporter

The Department of Trade Negotiations (DTN) has disclosed that Thailand is the world’s largest rubber exporter, with China as the biggest market thanks to its free trade agreements with many countries.

Monday, September 16, 2019 15:30

DTN: Thailand becomes world’s biggest rubber exporter ảnh 1

Illustrative image (Source: Bangkok Post)

Bangkok (NNT/VNA) - The Department of Trade Negotiations (DTN)has disclosed that Thailand is the world’s largest rubber exporter, with Chinaas the biggest market thanks to its free trade agreements with many countries.

Mrs. Auramon Sapthaweetham, DTN Director General, disclosed that she hadfollowed up on the situation of Thai rubber exports. In 2018, Thailand exportedrubber worth over 4.6 billion USD, which accounted for 1.82 percent of totalThai exports. China was the biggest market importing Thai rubber worth 1.96billion USD, 43 percent of total Thai rubber exports. Other major markets wereSoutheast Asian nations, the United States, Japan and the Republic of Korea.

The rubber export leadership resulted in part from Thailand’s 13 free tradeagreements with 18 countries because they have played a key role in eliminatingimport tariffs on rubber in partner countries and provided trade opportunitieswhich help boost the export of Thai rubber products./.

VNA

#Department of Trade Negotiations (DTN) #rubber exporter #market #free trade agreements #Mrs. Auramon Sapthaweetham #DTN Director General #Southeast Asian nations #the United States #Japan #the Republic of Korea #Vietnamplus #Vietnam News Agency Thailand

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