Thailand Predicts Zero Growth In Textile And Garment Exports In 2013

"P > < a href=" //www.sjfzxm.com/news/index_p.asp "> Thailand < /a > commerce secretary Boonsong Teriyapirom met with Thailand media in December 17, 2012. It said that the Ministry predicted that Thailand's exports were affected by the EU's continuing recession and other countries' joint export decline in 2013, and the impact of Thailand's policy of raising the minimum wage to 300 Thai baht policy on the competitiveness of the export industry. In 2013, Thailand's exports grew about 8-9%, with an amount of US $250 billion 410 million, while the total export volume of Thailand in 2012 was estimated at US $231 billion 860 million, with an annual growth rate of 4.5-5%.

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Less than P, Thailand was affected by the US financial turmoil in 2009. In that year, exports were 14.56% negative growth. In 2010, exports recovered 28.13% strong growth. In 2011, it was affected by floods, and exports grew by only 13.96%.

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< p > according to the investigation of the Export Promotion Office of the Ministry of Commerce of Thailand, Thailand will face negative growth in the next year, including frozen food, fresh shrimp, canned fruits and vegetables. The causes of export decline include import country inspection standards, non-tariff barriers and labor costs rising; < /p >

< p > < strong > other electronic products, jewelry, < a href= "//www.sjfzxm.com/news/index_c.asp" > textile garments, < /a > plastic pellets and furniture industries will maintain a href= "//www.sjfzxm.com/news/index_cj.asp" > zero growth < /a >.

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< p > the Ministry of Commerce of Thailand predicts that there will be strong export growth in 2013, including automobiles and components (15%), chicken (12%), building materials (10%), electrical products and rubber products (5%).

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Srirat Rastapana, the Export Promotion Director of the Ministry of Commerce of Thailand, said that Thailand's exports to the European Union in 2013 will remain unchanged, but exports to Latin America will grow by 15%. Exports to ASEAN, Australia and New Zealand will grow by 10%, and exports to mainland China will grow by 8%. Other markets in North America, Japan, South Asia, the Middle East and Africa will also grow 5%.

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< p > the Thailand industrial community, represented by Thai National Shippers Council, has a pessimistic view of its export growth in 2013. It believes that there will be only 5% low growth. The main reason is that the minimum wage rises and the labor cost is increased. The government of Thailand should plan as soon as possible to reduce the impact.

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