Thailand'S Export Growth Slows Down Next Year

According to the report of Thailand Tai Hua Farmers Research Center, the total value of Thailand's exports in November 2010 was 17 billion 699 million 900 thousand US dollars, which accelerated to 28.5% from 15.7% last month. After excluding the support factor of gold export surging 216% in that month, Thailand's export growth is still better than the forecast of all parties.

In November, Thailand's imports accelerated from 13.5% last month to 35.3%.

In the first 11 months of 2010, Thailand's exports and imports increased by 29.2% and 39.3% respectively.

According to the Taihua farmer Research Center, the export data in November 2010 are more than expected, and the growth of Thailand's export will be stronger than the original forecast trend, although it is troubled by negative factors such as the global economic slowdown and the rapid strengthening of the Thai baht exchange rate.

It shows that the ability of Thailand operators to overcome the crisis is stronger than expected. If the adjustment capability is improved, it will become an important step to improve the long-term production and competitiveness of Thailand operators.

In response to the foreign economy and the global consumer power, the US economy showed strong signs of recovery. It not only brought good signs to Thailand's exports, but also became a favorable factor to support the US dollar's strong trend, which led to the Thai baht's exchange rate with the US dollar no longer rising and helped lighten the burden of Thailand exporters.

For China, the world's second largest economy and Thailand's largest export market, its economy is still showing a significant growth trend.

If China's economy is not overheated and the government must implement stringent regulation and control measures, China is still expected to become the economic engine of the region.

However, the center still maintained its forecast for export growth in 2011 at the level of 6-10%, slowing down by 27% compared to 2010, resulting from a higher base of comparison in 2010.

Although exports will slow down in 2011, the total value of exports is expected to exceed US $200 billion for the first time.

At the same time, exports may grow well with the expansion of investment in many major industries in 2012.

The export growth rate will be better than the average export growth rate in 2011. The main export products are automobiles and spare parts, electronic and electrical equipment, petrochemical, natural rubber, rubber products, frozen shrimp, canned aquatic products and processing.

Another focus of concern is the adjustment of Thailand's export structure, especially from the electronic industry to the automotive industry, and the Thailand government.