Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
InfoQuest

Thai exports in 2019 to contract for 1st time in 4 years

July 31, 2019


Abstract : Dr Aat Pisanwanich, director of Center for International Trade Studies of University of the Thai Chamber of Commerce said that total Thai exports this year are estimated to reach 251.338 billion U.S. dollars, 0.64 percent less than last year and the first contraction in four years.

InfoQuest (July 30, 2019) -- Dr Aat Pisanwanich, director of Center for International Trade Studies (CITS) of University of the Thai Chamber of Commerce (UTCC), said that total Thai exports this year are estimated to reach 251.338 billion U.S. dollars, 0.64 percent less than last year and the first contraction in four years.

"To maintain export growth, the value of Thai exports in the remainder of this year must increase at least 2.9 percent per month, that is 21.664 billion U.S. dollars monthly," Dr Aat said.

The CITS director attributed the risk factors to a slowing global economy, a prolonged China-U.S. trade war, a stronger Thai Baht currency, a reduction of interest rate by the Federal Reserve, an oil price fluctuation in international market, and a decline in China's imports (including imports from Thailand).

"Given the global economic slowdown this year, the World Bank, the Organization for Economic Co-operation and Development (OECD) and the International Monetary Fund (IMF) have all revised their global growth forecasts for 2019. The hit of the global economic slowdown and China-U.S. trade war on trade is expected to last for two years until 2020 and 2021," said Dr Aat.

Source: InfoQuest, by Kasamarporn Kittisamphan / Tanawat / Rachada, translated by Xinhua Silk Road

Notice: No person, organization and/or company shall disseminate or broadcast the above article on Xinhua Silk Road website without prior permission by Xinhua Silk Road

Scan the QR code and push it to your mobile phone

Keyword: InfoQuest Thai exports

Reading:

Ningxia Yinchuan to hold the fourth China-Arab States Expo in September

Guangzhou's foreign trade up 1.2 pct in H1

China allows imports of soybean produced throughout Russia

Thailand to promote medical marijuana and health insurance system

Thailand encourages snack makers to explore growing Chinese market

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial