Home / Knowledge / News / Textiles / Satisfactory export results may not help prevent trade deficit
Satisfactory export results may not help prevent trade deficit
10
Jun '08
Even though exports of Thailand may reach a satisfactory level, the country is on its way to experience a trade deficit.

However, the exact amount of trade deficit, Thailand is likely to incur, is yet to be assessed as the global prices of crude oil continue to rise uncontrollably.

Moreover, large amount of machinery imports made by Thailand for production of finished goods have also one its bit to widen the trade deficit.

The issue was recently discussed with entrepreneurs in textile, garments, gems & jewelry and agricultural sectors. But unfortunately, despite most of the industries performing well in their respective arenas, there is nothing much that can be done to prevent this deficit from surfacing on the annual trade results.

As of now, new policies are being undertaken with focus on penetrating new markets, particularly the Middle East, where the purchasing power is still very high.

Bifurcation of exports to varied markets will not only help exporters earn their revenues but will also ensure steady profits and strengthening of bilateral relations with client countries.

Must ReadView All

Apparel/Garments | On 18th Jan 2017

Government considering 100% FDI in single brand retail

The Government of India is looking at allowing 100 per cent foreign...

Courtesy: Walmart

Apparel/Garments | On 18th Jan 2017

Walmart to create 34,000 new jobs in the US

The world’s biggest retailer and also the biggest US private sector...

Courtesy: UN Department of Public Information

Textiles | On 18th Jan 2017

World economy expanded by just 2.2% in 2016: UN

The world economy expanded by just 2.2 per cent in 2016, the slowest...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search