THAILAND-CHINA
TRADE (mil.USD)
Year
|
Total
Trade
|
Total
trade
|
Export
|
Export
|
Import
|
Import
|
Trade
|
|
Value
|
Growth
|
Value
|
Growth
|
Value
|
Growth
|
Balance
|
2006
|
34,039
|
21.59
|
18,894
|
22.23
|
15,144
|
19.6
|
3,750
|
2007
|
41,207
|
21.06
|
23,541
|
24.59
|
17,666
|
16.6
|
5,875
|
2008
|
48,350
|
17.33
|
26,236
|
11.45
|
22.114
|
25.1
|
4,121
|
2009
|
44,362
|
-8.25
|
25,603
|
-2.4
|
18,759
|
-15.1
|
6,844
|
2010
|
60,661
|
36.74
|
34,604
|
35.16
|
26,056
|
38.9
|
8,548
|
2011
(Jan-Apr)
|
23,923
(Jan-Apr)
|
33.16
(Jan-Apr)
|
14,019
(Jan-Apr)
|
37.29
(Jan-Apr)
|
9,903
(Jan-Apr)
|
27.7
(Jan-Apr)
|
4,115
(Jan-Apr)
|
Source: Kasikorn Thai Bank, Asean-China
SME Conference, 2011
Table: www.Business-in-Asia.com
Statistics
shows that in 2011, Chinese investors applied for Board of Investment
(BOI) promotion on a total of 31 new projects worth about 10.67 billion
baht (350.64 million U.S. dollars), according to BOI statistics. The
project number grew a healthily 24% while the value increased by
75.2%
over a year earlier. Large projects were mainly in electricity, natural
rubber products and auto parts industries.
CHINA TRADE WITH THAILAND
- Total Trade growing at 22% (CAGR) since
2000
- Thailand's exports to China heavily
skewed towards
electrical equipment and machinery (57% of total exports) after growing
rapidly since 2000
- No substantial change in China's exports
pattern to
Thailand save significant volatility in exports of natural resources
and electrical equpment
Source: CIMB Group, Asean-China SME
Conference, 2011
|
|
The BOI has
approved over 357 investment projects from China with the
total investment amounting to USD 1.087 billion from 2001 to 2008 (in
2007, investment from China approved by the Thailand BOI reached USD
442 million, which was the highest within 10 years). The value of
Chinese investments in Thailand now ranks fifth behind Japan, the
European Union, the Cayman Islands and ASEAN, respectively. Chinese
investments are mainly earmarked for manufacturing and processing
industries whereas the proportion being invested in
high-technology
remains insignificant. This indicates that Chinese investors are
focusing primarily on stable supplies of natural resources, and are
seeking raw materials and intermediate products to supply
their manufacturing sector. |
THAI TOP IMPORT PRODUCTS TO CHINA (mil.USD)
|
Year
2007 |
Year 2008
|
Year
2009 |
Year
2010 |
Year
2011
(Jan-Apr) |
| 1.
Fuel lubricants |
168
|
244
|
96
|
210
|
891
(Jan-Apr)
|
| 2.
Capital goods |
7,002
|
8,368
|
7,557
|
10,758
|
3,968
(Jan-Apr)
|
| 3.
Raw materials |
7,092
|
9,083
|
6,583
|
9,540
|
3,614
(Jan-Apr)
|
| 4.
Consumer goods |
3,12
|
4,105
|
3,875
|
5,090
|
2,057
(Jan-Apr)
|
| 5.
Vehicles & transportation |
221
|
307
|
274
|
424
|
160
(Jan-Apr)
|
| 6.
Arms, amunitions |
18
|
5.7
|
53
|
32
|
13
(Jan-Apr)
|
Total
|
17,666
|
22,114
|
18,759
|
26,056
|
9,903
(Jan-Apr)
|
Source: Kasikorn Thai Bank, Asean-China
SME Conference, 2011
Table: www.Business-in-Asia.com
THAI TOP
EXPORT PRODUCTS TO CHINA (mil.USD)
|
Year
2008
|
Year
2009 |
Year
2010 |
Year
2011
(Jan-Apr)
|
1.
Automatic data processing machine
|
6,702
|
5,788
|
7,154
|
2,366
(Jan-Apr)
|
2.
Printed matters
|
1,096
|
1,326
|
1,886
|
1,724
(Jan-Apr)
|
3.
Rubber
|
1,965
|
1,568
|
2,467
|
1,439
(Jan-Apr)
|
4.
Electronic integrated circuits
|
2,118
|
1,984
|
2,927
|
971
(Jan-Apr)
|
5.
Precious stones & Jewelry
|
1,539
|
1,923
|
2,608
|
346
(Jan-Apr)
|
6.
Polymers of ethylene
|
1,726
|
1,553
|
2,165
|
884
(Jan-Apr)
|
7.
Chemical products
|
889
|
1,399
|
1,827
|
746
(Jan-Apr) |
8.
Rubber products
|
657
|
950
|
1,555
|
686
(Jan-Apr)
|
9.
Tapioca products
|
351
|
800
|
1,170
|
494
(Jan-Apr)
|
10.
Electrical equipment
|
541
|
588
|
831
|
361
(Jan-Apr)
|
Total
|
17,588
|
17,884
|
25,594
|
10,623
(Jan-Apr)
|
Others
|
8,647
|
7,719
|
10,010
|
3,395
(Jan-Apr)
|
TOTAL
|
26,236
|
25,603
|
34,605
|
14,019
(Jan-Apr)
|
Source: Kasikorn Thai Bank, Asean-China
SME Conference, 2011
Table: www.Business-in-Asia.com
Although Chinese investment projects and accumulative value in Thailand
are less than those in its neighboring countries such as Cambodia and
Myanmar, analysts said in Thailand, the Chinese community has been for
generations seamlessly integrated into most of Thai society.
Bilateral trade volume between Thailand and China in January 2010
reached 3.36 billion U.S. dollars, up by 63.4 % year-on-year, 26%
points higher than the growth rate of Thailand's trade with the world
as a whole, according to statistics of the Thai Customs. Surely
the
reason for this unprecedented trade growth lays in the bilateral FTA
both countries agreed to in June 2003 which has sharply decreased
tariffs on trade, said the Bangkok Post.
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|
