Thai export coma

Published 2020년 7월 27일

Tridge summary

Thailand's export numbers for the first half of 2020 are negative at 7.0%, with the majority of markets also showing negative growth, except for food groups. The only positive markets are China and the United States, as the global trade is shrinking. The Federation of Thai Industries aims to produce 1.4 million vehicles, but exports are down significantly. The Gem Confederation reports a 42% negative growth in gems and jewelry exports, and the Thai Rice Exporters Association expects a decrease in rice exports. Small and medium-sized enterprises (SMEs) are experiencing liquidity issues, and the Thai Garment Industry Association reports a negative growth in garment exports.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Ministry of Commerce revealed that Thailand's export numbers for the past 6 months or half of 2020 are still negative at 7.0% (the latest June exports are still at minus-23%). Overall, almost all exports are still negative. Except for food groups that continued to grow positively from being essential goods during the chaotic world from the Covid-19 poisoning. However, most of Thailand's main export markets in the first half are still negative, such as ASEAN (-9.1%), Japan (-9.3%), the European Union. (-17.7%) There are only 2 big markets that are still expanding positively are China (+ 5.8% from the Chinese economy started to recover after the Covid eased) and the United States (+ 2.5%). And the world trade is shrinking. Purchasing power, consumers reduce Import reduction partners And in the midst of the global situation of the Quavid is not stable, the two big markets are the United States And the European Union (EU). The epidemic is still widespread. Thai exports are hard to ...

Source: Ththansettakij