Factors that affecting the export values Thailand’s agricultural products to China

Abstract

Thailand has long been recognized as an agricultural country, with the export of agricultural products playing a crucial role in the nation's economy. China, as Thailand’s largest trading partner, significantly influences the export value of Thai agricultural products. This study aims to analyze the factors affecting the export value of Thai agricultural products to China by employing an econometric model with time series data from 2007 to 2016. Using multiple linear regression analysis, the study examines the impact of three key variables: the exchange rate (Yuan per Thai Baht), the price index of Thai agricultural products, and China’s Gross Domestic Product (GDP). The results indicate that GDP in China and the exchange rate significantly affect the export value, while the price index of Thai agricultural products does not show a significant impact. The findings highlight the importance of macroeconomic factors in shaping Thailand’s agricultural exports and provide insights into policy measures that could enhance Thailand’s competitiveness in the Chinese market. Future research should explore additional variables that may influence agricultural trade dynamics between the two countries.