Badi, deputy head of Thailand’s Textile Industry Development Agency, said on the 3rd that Thailand’s textile exports in the first half of this year reached US$2.13672 billion, of which fabric exports reached US$688.04 million, accounting for 20% of all exported textiles. , the important export markets are Vietnam and Myanmar. At the same time, Thailand imported US$1.86103 billion in textiles in the first six months, of which cloth accounted for US$517.71 million.
The Thailand Textile Industry Development Agency predicts that the overall export volume of textiles and garments in 2015 is estimated at US$7.2 billion, the same as in 2014, but the export value in Thai baht will increase by 6% due to the depreciation of the Thai baht exchange rate. Among them, textile exports account for 60%, and the remaining 40% is garments. The amount of Thai textile exports to neighboring countries continues to increase, helping to make up for the shrinking part of the US and European markets, while the Japanese market tends to be flat.
Badi revealed that neighboring countries in ASEAN import fabrics and other raw materials for processing and re-export, and some Thai companies have moved their production bases to neighboring countries. The reason is that Thailand cannot compete on price, but quality is still competitive. Strength, as evidenced by the improvement in the quality of exported fabrics, with prices increasing by an average of 4-5% in the past 3-5 years.
Looking forward to the export prospects of textiles and garments in 2016, as the global economy tends to improve and is expected to grow, Thailand will export textile raw materials to neighboring countries, and then export them to the international market after processing, and Thai manufacturers will adjust their exports to Vietnam. Perceptions shift from former competitors to trading partners instead. Thailand’s textile and garment exports this year are estimated at US$7.2 billion
