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Textile & garment Q1 exports up 9%

08
May '06
Thailand's textile and garment export continued its growth during first quarter of 2006, recording an increase of 9 percent to US $1.67 billion (around baht 66.25 billion).

The main export destinations for Thailand were, the United States, the European Union (EU) and Japan, said the Department of Foreign Trade.

Rachane Potjanasuntorn, Direction-General, informed that country's garment exports were worth $868.3 million and textiles were worth $803.1 million during January to March period.

The US became the largest textile and garment export destination with revenue worth $523.2 million, up 12 percent, the EU was second with export worth $326.3 and Japan was third and $69.4 million, up 15.1 and 4.8 percent respectively.

Textile imports of Thailand were $697.1 million during first quarter of 2006, declining 2 percent compared to similar period last year.

Most of the imports were of raw materials for local production.

Key import destinations included China, Taiwan, Japan and the US.

Suffering from trade liberalization of last year, local textile industry operators were able to adjust themselves more efficiently to production and export competition in world market, he said.

This further helped textile and garment exports to continue rising in first quarter.

Thailand was also able to expand its export base in the European and Asian markets, including Turkey, Pakistan, Cambodia, Laos and the United Arab Emirate.

Thai products might decline during second quarter of 2006 on account of oil price rise which may propel local production costs, he said.


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