Interviews
Garment exports likely to slow down
08 Jun '07
3 min read
Concerning Thailand's major export markets, including the US, the EU and Japan, of which the combined value of Thai garment exports is around $741.6 million, or 81.5 percent of Thailand's total garment export value, the export value to all these countries also fell.
This is in contrast to the economic direction in 1Q07 of these trade-partner countries that had continued growth. It is evident from the good expansion of the EU economy that their internal consumer purchasing power remains sound, as well as the growth of the Japanese economy from its internal factors, also showing increased purchasing power.
External factors of Asian economies, particularly the high economic growth of China, which is Japan's major export market, are seen as good. For the US economy, though many economic factors decelerated 1Q07, e.g., consumer spending and a weakened real estate sector, the US economy was able to grow 1.3 percent.
This is in contrast to the economic direction in 1Q07 of these trade-partner countries that had continued growth. It is evident from the good expansion of the EU economy that their internal consumer purchasing power remains sound, as well as the growth of the Japanese economy from its internal factors, also showing increased purchasing power.
External factors of Asian economies, particularly the high economic growth of China, which is Japan's major export market, are seen as good. For the US economy, though many economic factors decelerated 1Q07, e.g., consumer spending and a weakened real estate sector, the US economy was able to grow 1.3 percent.
KASIKORN RESEARCH CENTER
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