Thai exports to Saudi Arabia increase by 15.9% in eight months

[snoop1130]

 

Thailand exported goods worth more than 43 billion baht to Saudi Arabia during the first eight months of this year, representing an increase of 15.9% year on year, according to Government Spokesman Anucha Burapachaisri.

 

The Thai exports include automobiles, car accessories and parts, wood and finished wood products, rubber products, canned and processed seafood, machinery and parts and animal feed.

 

In addition to increased exports, since Thailand and Saudi Arabia normalised their relations early this year, Anucha said that the Thai Commerce Ministry has reported progress in other areas as well.

 

Full Story: https://www.thaipbsworld.com/thai-exports-to-saudi-arabia-increase-by-15-9-in-eight-months/

 

-- © Copyright Thai PBS 2022-10-12

 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

Monthly car subscription with first-class insurance, 24x7 assistance and more in one price - click here to find out more!

[Baron Samedi]

Year on year...

Like that metric is currently relevant ????

 

[khwaibah]

Joe Biden warns of ‘consequences’ for Saudi Arabia after oil production cuts

Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email [email protected] to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here.
https://www.ft.com/content/1a5cfd12-a202-4242-b0ad-bed56f377142

US president vows to re-evaluate relations with Riyadh after Opec move threatens price surge Joe Biden told CNN that he would consult Congress after November’s midterm elections regarding action against Saudi Arabia © Jemal Countess/Pool/EPA-EFE/Shutterstock Share on twitter (opens new window) Share on facebook (opens new window) Share on linkedin (opens new window) Save James Politi in Washington 9 HOURS AGO 247 Print this page Joe Biden warned that Saudi Arabia would face “consequences” for defying Washington by announcing large cuts to oil production last week as he vowed to re-evaluate the US relationship with Riyadh in talks with Congress next month. “I’m not going to get into what I’d consider and what I have in mind. But there will be consequences,” the US president told CNN in an interview on Tuesday night. “When the House and Senate get back [after the midterm elections] . . . there’s going to be some consequences.” Last week Opec+, which is led by Saudi Arabia, the world’s top oil exporter, and Russia, announced that it would cut its oil production targets by 2mn barrels a day, despite pressure from Washington not to go ahead with the move. Saudi Arabia said the cartel took the decision because of market conditions amid fears of a global recession, and to preserve prices as the kingdom pushes ahead with highly ambitious plans to modernise the conservative nation. But the move infuriated the Biden administration as it prepares for midterm elections next month and as the world grapples with soaring energy inflation triggered by Russia’s invasion of Ukraine. Biden’s vow to punish Saudi Arabia for the decision by the kingdom and other oil producers to slash oil production came as he downplayed the risk of a deep downturn in the US economy even as the IMF issued a gloomy global forecast in 2023. “I don’t think there will be a recession,” Biden said of the US. “If it is, it’ll be a very slight recession. That is, we’ll move down slightly.” Biden has come under increasing pressure from Democrats in Congress to take a much tougher line against Saudi Arabia after a move that many on Capitol Hill saw as a betrayal of the countries’ longstanding strategic and economic ties. Some have called for the possible halt of most arms sales to Riyadh, while others have championed legislation to take aim at oil cartels. The president defended his decision to travel to Saudi Arabia in July, where he greeted Crown Prince Mohammed bin Salman with a fist bump, saying the visit was not about “oil” but about demonstrating that the US was “not going to walk away from the Middle East”. Saudi Arabia’s foreign minister Prince Faisal bin Farhan al-Saud sought to play down the rift, saying the US “is the primary strategic and security partner for Saudi Arabia”. “I think that when politicians in America assess the relationship in its entirety, they will recognise its importance and the benefits it brings and they will continue to co-operate with Saudi Arabia. We are keen on this co-operation,” he told the Saudi-owned broadcaster Al-Arabiya in an interview on Tuesday night. Biden also spoke at length about Russia’s war in Ukraine, which has escalated sharply in recent days with Moscow’s bombing campaign against several cities in response to an attack on the Kerch bridge connecting Russia to Crimea. Biden called Vladimir Putin a “rational actor who has miscalculated significantly” and said he did not believe Russia would use nuclear weapons in Ukraine. Last week, Biden said he feared the risk of “Armageddon” was at its highest since the Cuban missile crisis of 1962. Recommended The Big Read The new oil war: Opec moves against the US The president also sought to explain what he meant last week when he referred to a possible “off-ramp” for Putin that would allow for de-escalation: “Clearly, he could leave, he could flat-out leave.” Biden said he had no intention of meeting Putin at next month’s G20 summit in Indonesia, but might do so if he was approached about the release of Brittney Griner, the American basketball player jailed in Russia. With midterm elections less than a month away, Biden also touted his domestic accomplishments. His low approval ratings have been a liability for Democratic lawmakers in tough Senate and House races. “Look what I’ve gotten done. Name me a president in recent history who has gotten as much done as I have in the first two years. Not a joke,” Biden said. He has also faced growing questions about his viability in terms of seeking a second term in the White House. “I believe I can beat Donald Trump again,” Biden said. Additional reporting by Samer Al-Atrush in Dubai

[OneMoreFarang]

I recommend they should also export those taxi-no-meter drivers.

[bang saen guy]

I only wish that Thai workers going to Saudi knew what they were in for. Anyone that has worked there has seen the horrible way that low level workers are mistreated

[realfunster]

So about USD 2bn for the full year. Well done Thailand for exploring and expanding this market.

 

Compares favourably to US exports to Saudi in 2021 of USD 11bn.

 

No idea what the trade balance is, hope it is not as skewed as with China.

 

Would be nice if they could get themselves together on various levels and engage in more trade with the "developed world", who I am sure are keen to diversify their supply chain.

 

Unfortunately, that comes with a pesky restrictions on brown envelopes....

[sammieuk1]

Time to get into the bedsheet and tea towel market by the looks ????

[hotchilli]

13 hours ago, sammieuk1 said:

Time to get into the bedsheet and tea towel market by the looks ????

Chinese knock-off cotton fabric.

[Will B Good]

Judging by the passengers on my flight back last week, the main export seems to be attractive young girls......maids?

[jacko45k]

28 minutes ago, Will B Good said:

Judging by the passengers on my flight back last week, the main export seems to be attractive young girls......maids?

They used to get a lot from Indonesia......

Very concerning if young Thai girls are now going there, since Indonesia has applied bans and restrictions!