Thai fruit exports to China experienced a significant surge in the first five months of this year, growing by a staggering 365%. This upswing is predominantly accredited to the utilisation of the China-Laos Railway for transit, which has resulted in a significantly reduced delivery duration and leveraged the benefits of free trade deals.
The railway route has been highly instrumental in creating lucrative openings for Thai products within the Chinese marketplace. It has effectively slashed the transit time to less than 15 hours, a drastic reduction from the preceding two-day journey by road. Fruit exports from Thailand to China witnessed a substantial upshot since the inception of the China-Laos Railway in December 2021. Data showcasing shipments via the northeast dry port of Nong Khai, adjacent to the Laos border in the Southeast Asian nation, disclosed a quantum leap from 90.41 million baht (US$2.55 million) the preceding year to 1.96 billion baht (US$55million) in 2022.
[10 baht = €0.26 ]
Source: thethaiger.com
