Thailand’s exports of air-conditioner components to the US surged in the first quarter, driven by rising demand caused by an increase in heat waves.
Ronnarong Phoolpipat, director-general of the Foreign Trade Department, said the air-conditioner parts exported to the US became the leading product category to benefit from the generalised system of preferences (GSP) privileges awarded by the US, accounting for 19.3% of total GSP utilisation in terms of value, which is considered to be a significant proportion.
According to the Foreign Trade Department’s data, the utilisation of GSP privileges by Thai exporters during the first three months of 2023 amounted to…
