AsemconnectVietnam - According to the statistics figures from the General Department of Customs, the export turnover of Vietnamese goods to the Thai market in September of 2023 reached 565.9 million USD, down by 13.2% compared to the previous month.

Overall, the country’s total exports of goods to Thailand in the first 9 months of 2023 reached 5.4 billion USD, down by 2.3% over the same period last year.
In the first 9 months of 2023, the leading items exported by the country to Thailand were phones and components, reaching 766.1 million USD, down by 0.1% compared to the previous month, accounting for 14% of export proportion. The next was the group of machinery, equipment, tools and spare parts, reaching 740.7 million USD, up by 6.4% over the previous month, accounting for 13.6% of export proportion; and then crude oil with 568.9 million USD, down by 5.7%, accounting for 10.4% proportion.
Some product groups exported to Thailand in the first 9 months of 2023 grew quite well compared to the same period last year, such as coffee increased by 34.6%; footwear of all kinds increased by 55.8%; and chemicals increased by 40.6%.
Thailand has a diverse distribution channel system, creating many opportunities for Vietnamese goods to penetrate these systems and reach Thai consumers. In addition, Vietnam - Thailand and other ASEAN countries participate in many bilateral and multilateral trade agreements and agreements such as the ASEAN Trade in Goods Agreement (ATIGA), Free Trade Agreements, and other agreements between ASEAN and partner countries; especially the Regional Comprehensive Economic Partnership (RCEP). This not only helps tariff barriers on the two countries' goods have basically been removed, opening up many opportunities for import and export goods, but also create favorable conditions for Vietnam and Thailand to cooperate in building supply and production chains; as well as promoting exports to third countries.
CK
Source: VITIC