The Global Economic Slowdown Has Great Influence On Thailand'S Exports.

Thailand Exporters Association worries about global economic slowdown and possible crises and fears

Exports increased by 2% from original expected exports, and the increase may be 0-1% remaining.

Exporters must be cautious in responding to the suggestion that the authorities should intensify reform of the public service system to achieve international export standards and formulate an international trade strategy.

Longpatown, chairman of the Thailand Exporters Association, said

Slowing growth led to Thailand's export quota of only $15 billion 711 million 300 thousand in January, down 8.91% from the same period last year, which has been shrinking for thirteenth consecutive years, and has dropped to its lowest level in nearly 50 months.

There may be a crisis in the global economy, many are worried about economic retrogression, and Thailand export is hard to restore positive growth. If the global recession, Thailand's negative growth in exports may become more serious, it is recommended that exporters should make preparations, especially exchange rate, commodity markets, fuel prices,

And other trends continue to fluctuate.

The association predicts that exports will shrink by 4.5-5% in the first quarter of this year, and then slow recovery. It is estimated that this year's export growth will be estimated at 0-1%. The premise is that the average export volume in 2-12 months must reach more than US $18 billion.

The International Monetary Fund (IMF) lowered its global economic growth estimate to 3.4%.

Waralon, vice chairman of the Thailand Exporters Association, revealed that in February, exports were mostly close to January because of worries about the export situation in February. The reason is that the import trend declined last month for the lunar new year, so it is feared that exports in February and March may fall by 5%, especially when oil prices have fallen to the lowest level in nearly 11 years. They fear the impact of oil importing countries, and the important export markets such as the United States, Europe, Japan and the EU have not yet seen a clear growth signal.

Related links:

Statistics on some border ports in northern Vietnam showed that in the 1-2 month of 2016, the northern ports were difficult to export to China.

Guangning industry and trade department revealed that since 2016, there has been no major fluctuation in commodity trading between merchants and border people. The export volume of each port has reached about 91700000 US dollars, down 6.51% from the same period last year.

The ports in Lao Jie province exported mainly rice, ore, footwear, coffee, candy and other commodities to China from the beginning of February 18th to about 13 million 400 thousand US dollars, equivalent to 60% of the same period last year.

Reported that the main reason for the difficulty in exporting goods to China through the northern border ports is the fall in prices.

At the same time, China has stepped up its management of border trade and made it difficult for export enterprises to operate in the form of small border trade.