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Beluthai 20th Anniversary Gala Dinner Going Green at the offi ce ...

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Commer<strong>ce</strong><br />

Unit: million US dollars<br />

Thailand’s exports to <strong>the</strong> European Union (in US dollar terms)<br />

Thai export to <strong>the</strong> European Union declined sharply in 2012, when compared with 2011, and in fact returned to <strong>the</strong><br />

2010 level. Thai exports clearly feel <strong>the</strong> effect of <strong>the</strong> Euro crisis and declined to all European Union Member St<strong>at</strong>es, but<br />

most notably to Denmark, Spain, Italy, <strong>the</strong> Czech Republic and Poland. Despite a decline of 8.5%, The Ne<strong>the</strong>rlands<br />

maintained its position as largest destin<strong>at</strong>ion for Thai exports to <strong>the</strong> European Union in 2012, reflecting its str<strong>at</strong>egic<br />

geographical loc<strong>at</strong>ion. Some 50 % of Thai exports to <strong>the</strong> Ne<strong>the</strong>rlands are gener<strong>at</strong>ed by exports of electronic goods<br />

and electrical applian<strong>ce</strong>s. Some 22 % Thai exports to Belgium is gener<strong>at</strong>ed by export of precious stones and jewelry.<br />

Thai exports of precious stones to Belgium were not affected in 2012, much unlike Thai imports, which did see an<br />

unusual sharp decline in 2012.<br />

24 volume 2, 2013

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