Factors Influencing Thai Rice Exports to Africa
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Abstract
This research article aims to study factors influencing Thai rice exports to Africa. The study uses statistical data on domestic factors, external factors of the country, and the value of rice exports to African countries between 2003 and 2022, It conducts a panel data analysis using the gravity model to find factors influencing Thai rice exports to Africa.
Findings are as follows: the domestic factors significant to Thai rice exports are the quantity of Thai rice production, and Thai rice export price (F.O.B.). The external factors significant to Thai rice exports are Vietnam’s rice production volume, Indian rice export price, GDP per capita of Thai rice importing countries, WTO membership status of Thai rice importing countries, and the distance between Thailand and Thai rice importing countries in Africa.
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