Trade
Thailand’s Exports shows 15th consecutive month of growth
Thailand’s export sector has continued its growth trend, despite concerns over trade disputes between the United States and China
Thailand’s Ministry of Commerce has reported that May exports grew by 11.4% to over 22 billion US dollars, the 15th straight month of growth.
Thailand’s export sector has continued its growth trend, despite concerns over trade disputes between the United States and China. Exports to key markets rose last month, especially to India and the CLMV cluster, which comprises Cambodia, Lao PDR, Myanmar and Vietnam.
High-growth industrial sectors included automobiles and auto parts, computers and electronic components, chemicals, plastics and processed oil. High-growth agricultural products included rice, processed and frozen chicken and canned tuna.
The Trade Policy and Strategy Office (TPSO) expects Thai exports to maintain their growth trend and market penetration in line with global economic growth. However, short-term fluctuations can be expected as a result of US-Chinese trade measures. Meanwhile, oil prices are likely to rise in the long term, which will result in higher prices for agricultural products and commodities. Overall, the TPSO believes the export sector this year will grow by close to its target of 8%.
Source : National News Bureau Of Thailand | Exports in May mark 15th consecutive month of positive growth
China
Thailand’s export growth expected to drop to 0.5-1%
Thailand’s export growth is expected to drop to 0.5-1%, a record low in four years as Thailand’s export sector is believed to be affected by trade war between the United States and China.
BANGKOK, (NNT) – Thailand’s export sector is believed to be affected by trade war between the United States and China.
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BANGKOK, 27 April 2019 (NNT) – The effort of the Small and Medium Enterprise Development Bank of Thailand (SME D Bank) to promote Thai processed agricultural products to markets in China succeeded further when a Chinese company decided recently to pilot the purchase of 16,000 tons of Thai processed fruit products, which will generate more than two billion baht in total for farmers on small land holdings.
(more…)Cambodia
Cambodia-Thailand trade to develop further
Cambodia and Thailand have agreed to develop more strategies to boost bilateral trade, to achieve a target of USD 15 billion by 2020.
Cambodia and Thailand have agreed to develop more strategies to boost bilateral trade, cross border development and investment to achieve a target of USD 15 billion in trade between the two ASEAN neighbors by 2020.
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