The first few months of 2015 are looking promising in terms of Danish exports to Thailand. Compared to the first quarter last year, exports this year have shot up by 56 percent.
Danish imports from Thailand are traditionally twice the size of the exports, but that could even out in the near future.
“Thailand has, due to political conflict, not experienced the economic growth that has been expected of a growth market in Asia in recent years,” said Asbjørn Overgaard Christiansen, the head of the trade department at the Danish Embassy in Bangkok.
“So it’s pleasing to see a spike in imports of Danish goods that matches the increased demand of international products, which we can also see here at the embassy.”
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A good year
In particular, the export of Danish pharmaceutical goods has been high as the health sector expands in Thailand. But there were also export hikes in everything from jewellery to gardening machinery.
After several years of stability, Christiansen is hopeful that 2015 is the year that Danish companies have a break-out year in terms of exports to Thailand.
In the near future, Thailand are planning significant investments in infrastructure, the health sector, green solutions and the retail business, which is currently booming.
