The Study of Trade Competitiveness of Thailand’s Polyethylene Resin in The Chinese Market: A Comparative Analysis of Thailand, Singapore, Malaysia, And Indonesia
Journal Title: International Journal of Business and Management Invention - Year 2019, Vol 8, Issue 1
Abstract
This paper was aimed to study the competitiveness of exporting polyethylene resin to China among Thailand and the other major trade competitors from ASEAN countries, Singapore, Malaysia, and Indonesia by using the analysis which based on the Revealed Comparative Advantage (RCA), the International Market Share (MS), and the Trade Competitive Index (TC) with the relevant annual time-series data from 2008 to 2017 in order to determine the main factors affecting the export potential of Thailand’s polyethylene resin into the Chinese market. The study resulted that (i) Thailand and Singapore are the only two countries that have the comparative advantage of exporting this product, (ii) the biggest market share belonged to Thailand while Malaysia’s market share has been annually declined. However, when considering the TC, (iii) Singapore had won the trade competitiveness among all competitors followed by Thailand, Malaysia, and Indonesia in respectively. Furthermore, it could be suggested that price and exchange rate, in THB/RMB, are the significant factors from this study that influenced the phenomenon of that should be concerned in order to enhance the export potential of the polyethylene resin for Thailand in the Chinese market.
Authors and Affiliations
Chanakarn Unsapcharoen, Zhu Zhu
Keywords
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