In The First Half Of 2015, Thailand'S Textile Exports Amounted To US $2 Billion 136 Million 720 Thousand.

The Thailand Textile Industry Development Organization predicts that the textile export quota will be estimated at US $7 billion 200 million in 2015, of which 60% of textiles exports and 40% of garments.

Thailand will export textile materials to neighboring countries as the global economy improves and is expected to grow.

Bardi, deputy director of Industrial Development Agency, said 3, Thailand textile exports amounted to US $2 billion 136 million 720 thousand in the first half of this year, of which the export volume of fabrics was up to US $688 million 40 thousand, compared to 20% of all export textiles, and the important export markets were Vietnam and Burma.

Meanwhile, in the first 6 months of Thailand, textile imports amounted to US $1 billion 861 million 30 thousand, of which cloth accounted for us $517 million 710 thousand.

Thailand Textile Industry Development Organization predicts that

The total export quota for garments is estimated at $7 billion 200 million, unchanged from 2014, but the export value of the Thai baht will be increased by 6%, due to the depreciation of the Thai baht exchange rate.

Among them, the export proportion of textiles is 60%, and the remaining 40% is the garment.

The continued increase in Thailand textile exports to neighbouring countries will help to offset the shrunken part of the US and European markets, while the Japanese market tends to be flat.

Bardi revealed that ASEAN is located in the neighbouring countries.

Other raw materials are used for processing and re export, and some Thailand producers migrate their production bases to neighboring countries. The reason is that Thailand can not compete in the price method, but the quality is still competitive. It can be proved from the improvement of the fabric quality of exports. The price has increased by 4-5% in the past 3-5 years.

Looking forward to the export prospects of textiles and garments in 2016, as the global economy is improving, it is expected to grow. Thailand will export textile raw materials to neighboring countries, and then export to the international market after processing. Moreover, Thailand manufacturers will adjust their views on Vietnam and shift from former competitors to trading partners instead.