U.S. Beef Exports to Thailand Grow
After the official successful market launch of U.S. bone in beef in November 2017 that FAS Bangkok collaborated with the U.S. Meat Export Federation (USMEF) and U.S. beef importers to announce the resumption of U.S. bone-in beef exports to Thailand, the export of U.S. beef in Thailand has been growing promisingly at 8 percent recorded at the end of March this year. According to the USTA estimates, the U.S. beef export growth will be at 10 percent to reach $5 million for 2018 due to extensive marketing activities.
Thailand is an important trading partner and ally of the United States, with the treaty basis to the relationship dating back to the establishment of diplomatic ties in 1833 through the original Treaty of Amity and Commerce. Thailand is the United States’ 21st largest goods trading partner and two-way goods trade between them totaled $42 billion in 2017. According to the USTR the U.S. goods trade deficit with Thailand was $20.4 billion in 2017, as U.S. exports to Thailand rose 3.8 percent to $10.8 billion but imports jumped 5.8 percent to $31.2 billion.