Thailand’s Competitiveness: Products Mapping of Refrigerators, Freezers and Other Refrigerating or Freezing Equipment
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Abstract
The purpose of this study was to analyze the Thailand’s competitiveness of refrigerators, freezers and other refrigerating or freezing equipment in comparison with that in the People’s Republic of China (China) and the United States of America (USA). In question were exports of these products to world markets, Japan, and the Socialist Republic of Vietnam. Using product mapping approach based on normalized revealed comparative advantage (NRCA) and trade balance index
(TBI). The analysis of secondary data as falling under the product category of Harmonized System (HS code 8418) in the period between 2007 and 2016. The results of the study showed that Thailand was a net exporter and had a revealed comparative advantage in a particular commodity to world markets, Japan and Vietnam. China was a net exporter and had a revealed comparative advantage in a particular commodity to world markets and Japan. However, even China was the net exporter, but there was a comparative disadvantage in exporting to Vietnam. USA was a net importer and had a revealed comparative disadvantage by comparing it to export to the world markets, Japan and Vietnam. This study suggests that even Thai has the revealed comparative advantage of the products by comparing it in exporting, but to maintain competitiveness, manufacturers/exporters of the products and related agencies of Thailand should cooperate with each other to find a way to optimize the production and export of the products.
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