Another Major Win! Thailand Seals Over $33 Million Sugar Export Deal with the Philippines

Thailand is making waves in the global market once again. The Department of International Trade Promotion (DITP) successfully closed a sugar and refined sugar export deal to the Philippines valued at 1.127 billion baht (approximately $33 million) through 32 business matching partnerships, showcasing the ongoing strength of Thailand’s sugar industry.

Thai Sugar… A Global Powerhouse

World’s 3rd Largest Sugar Exporter: Thailand holds a 12% market share, exporting 8 million tons worth 380 billion baht in 2023.

• Top 5 Markets: Indonesia (2.2 million tons), Philippines (1.5 million tons), China (1 million tons), Japan (0.7 million tons), South Korea (0.5 million tons)
• Key Strengths: High-quality sugar (ICUMSA standard), competitive pricing, and strong government support.
  
  

Beyond the Billion-Baht Mark… Thailand Aims to Lead the Global Sweetener Market

This achievement not only reinforces Thailand’s image as the “Kitchen of the World” but also strengthens its credibility in the international sugar market. The country is pushing forward with innovations in refined sugar products to boost revenue and expand its trade network across Asia-Pacific.

For more information: Department of International Trade Promotion (DITP), Office of the Cane and Sugar Board (OCSB)

Links: www.ditp.go.th, https://www.ocsb.go.th