Israel-Iran war shakes Thai rice market, $47 billion trade likely to collapse

For the first 2 months of 2024, Thai-Israeli trade had a value of 6,569.30 million baht, a decrease of 8.74% compared to the same period last year, Thailand exported 3,960.89 million baht, a decrease of 17.46%, Thailand imported 42,6 an increase of 8.70%, Thailand with Israel 1,352.47 It has a trade balance of million baht. and accessories.

The top 5 imports from Israel to Thailand include jewelry, gems, silver bars and gold, fertilizers and pesticides, electrical machinery and parts, vegetables, fruits and food products made from vegetables, fruits and electrical circuit board.

In terms of Thai-Iranian trade in 2023, the total value is 4,930.05 million baht, Thailand expanded 28.86% compared to the previous year to 4,661.23 million baht, a decrease of 14.15%, import 268.83 million baht. Thailand had a trade balance of 4,392.40 million baht with Iran.

For the first 2 months of 2024, Thailand-Iran trade had a value of 844.04 million baht, a decrease of 7.37% compared to the same period last year, Thailand exported 800.61 million baht, a decrease of 6.75%, and imported 43.43 million. baht, down 17.61%, Thailand's trade balance with Iran was 757.17 million baht.

Thailand's top 5 exports to Iran are: canned and processed fruits, rubber, machinery and machinery parts, rubber products and motorcycles and components.

The top 5 items imported from Iran to Thailand are vegetables, fruits and their products, metal products, fuels, fresh, chilled, frozen, processed and semi-processed aquatic animals and chemicals.

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