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Reviewing Agricultural Trade Policies

To Promote Intra-OIC Agricultural Trade

137

Exports of agri-food products were 24.2 billion USD and imports 10.4 billion USD with

a trade surplus of 13.9 million USD in 2016.

Exports of agricultural raw materials were 7.3 billion USD and imports 1.9 billion USD

with a trade surplus of 5.4 billion USD in 2016.

Exports of fish products were 5.5 billion USD and imports 3.1 billion USD with a trade

surplus of 2.4 million USD in 2016 (see Figure 4.49).

Thailand clearly has comparative advantage in all three product groups and manages to sustain

a sizable trade surplus.

Figure 4. 49 Agricultural Exports and Imports, Product Groups, Billion USD, Thailand, 2016

Source: CEPII BACI, Eurostat RAMON, UN Comtrade, UN Trade Statistics, and authors’ calculations

Figure 4. 50 Breakdown of Thailand’s Agricultural Export Destinations, 2016

Source: CEPII BACI, Eurostat RAMON, UN Comtrade, UN Trade Statistics, authors’ visualizations

Agri-food products; 24

Agri-food products; 10

Fish products; 5.5

Fish products; 3.1

Agri-rawmaterials; 7.3

Agri-rawmaterials; 1.9

-

5

10

15

20

25

30

35

40

Export

Import

Agri-food products

Fish products

Agri-rawmaterials

EU-28

%10

NAFTA

%12

MERCOSUR

%0

ASEAN

%24

OIC %17

Top 5

Partner

Share

China

20%

Japan

12%

USA

10%

Malaysia

4%

Viet Nam 4%