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Thailand Tops ASEAN in Dairy Exports, Reaching US$582M with a 11.5% Increase in 2024.
In 2024, Thai dairy exports experienced an increase of 11.5%, totaling US$582 million, supported by duty-free entry through ASEAN FTAs and significant market growth in major countries.
On Wednesday, February 5, 2025, Deputy Minister of Commerce Suchart Chomklin reported that Thailand's dairy exports saw an increase of 11.5% in 2024, totaling a value of US$582 million, equivalent to roughly 19.623 billion baht.
This growth was particularly significant in key markets, with Malaysia experiencing a 64.3% surge, followed by Vietnam at 30.4%, Indonesia at 27.1%, Singapore at 20.1%, the Philippines at 19%, and Myanmar at 14.6%.
Thai dairy products enjoy duty-free access within ASEAN due to the ASEAN Trade in Goods Agreement (ATIGA), which enhances their competitiveness in the regional marketplace.
Popular items include yogurt, drinking yogurt, ultra-high temperature milk, and dairy-blended soy milk.
Alongside robust regional performance, Thai dairy exports have penetrated major markets such as China, Australia, New Zealand, Chile, and Hong Kong, where free trade agreements have lifted import tariffs on these products.
Deputy Minister Suchart also instructed the Department of Trade Negotiations to investigate potential free trade agreements with emerging markets in Africa and South America.
Thailand aims to complete negotiations with South Korea and through the ASEAN-Canada Free Trade Agreement by 2025, with the goal of further improving market access, lowering trade barriers, and bolstering its global presence in the dairy sector.
This growth was particularly significant in key markets, with Malaysia experiencing a 64.3% surge, followed by Vietnam at 30.4%, Indonesia at 27.1%, Singapore at 20.1%, the Philippines at 19%, and Myanmar at 14.6%.
Thai dairy products enjoy duty-free access within ASEAN due to the ASEAN Trade in Goods Agreement (ATIGA), which enhances their competitiveness in the regional marketplace.
Popular items include yogurt, drinking yogurt, ultra-high temperature milk, and dairy-blended soy milk.
Alongside robust regional performance, Thai dairy exports have penetrated major markets such as China, Australia, New Zealand, Chile, and Hong Kong, where free trade agreements have lifted import tariffs on these products.
Deputy Minister Suchart also instructed the Department of Trade Negotiations to investigate potential free trade agreements with emerging markets in Africa and South America.
Thailand aims to complete negotiations with South Korea and through the ASEAN-Canada Free Trade Agreement by 2025, with the goal of further improving market access, lowering trade barriers, and bolstering its global presence in the dairy sector.
