Post by habibkhan11 on Feb 14, 2024 10:38:50 GMT
EIC reveals March exports record high Continuously expanding at 19.5%, but if gold is deducted, it may start to see signs of slowing down. EIC points out that exports in March were at a record high. Continuously expanding at 19.5%, but if gold is deducted, signs of slowing down may begin to be seen. EIC adjusts Thai export figures for 2022 to expand to 6.1% from supporting factors in price. Exports in March 2022 had the highest value since data collection at 28,859.6 million US dollars, expanding 19.5%, accelerating from the previous month's 16.2% and if compared with February. (adjusted for seasonal effects) exports will expand by 7.3% (MOM, SA). However, when deducting gold (which are products that do not reflect the actual trade situation) the value of exports expanded at 9.5%, slowing from the previous month's 13.2%, in line with the Global Manufacturing Purchasing Managers Index (Global Manufacturing PMI) and The Export Orders index dropped to its lowest in 18 months and 20 months, respectively, reflecting the direction of a slowdown in the manufacturing sector and global trade going forward.
For Thai exports in March, there were important export products besides UAE Telemarketing Data gold, many products such as computers, gems and jewelry. Fats and oils from plants and animals, sugar, etc., and there are important markets that are expanding well, namely ASEAN-5, India, and the Middle East. Overall, the value of Thai exports in the first quarter of the year expanded 14.9%. The war in Ukraine and China's lockdown policy began to affect Thai exports. Thai exports began to be affected by the slowdown in demand as well as the global supply disruption caused by the war between Russia and Ukraine. By exporting Thailand to Russia and Ukraine. March contracted by 73% and 77.8%, respectively, coupled with China's strict disease control measures. which is an important player in the global supply chain Although the impact on Thai export values has been limited in the past, EIC expects that Thai exports will be more affected in the next period.
This is reflected in South Korea's export data for the first 20 days of April which is still stable and may tend to slow down. If China continues to implement strict disease control measures, And many industries that are highly dependent on the European market may be affected. However, some industries may benefit from exporting products to replace Russian products in the European market and may expand their market share. EIC expects the value of Thai exports in 2022 to expand at 6.1%, higher than the previous forecast. EIC expects Thai exports in 2022 to continue expanding. EIC adjusts the forecast for the value of Thai product exports to expand at 6.1%, higher than expected. The original rate was 3.4%, although the world economy tends to slow down from the effects of war. As a result, Thai export volume may expand at a slower rate in the future. But the prices of Thai export products will tend to increase.
For Thai exports in March, there were important export products besides UAE Telemarketing Data gold, many products such as computers, gems and jewelry. Fats and oils from plants and animals, sugar, etc., and there are important markets that are expanding well, namely ASEAN-5, India, and the Middle East. Overall, the value of Thai exports in the first quarter of the year expanded 14.9%. The war in Ukraine and China's lockdown policy began to affect Thai exports. Thai exports began to be affected by the slowdown in demand as well as the global supply disruption caused by the war between Russia and Ukraine. By exporting Thailand to Russia and Ukraine. March contracted by 73% and 77.8%, respectively, coupled with China's strict disease control measures. which is an important player in the global supply chain Although the impact on Thai export values has been limited in the past, EIC expects that Thai exports will be more affected in the next period.
This is reflected in South Korea's export data for the first 20 days of April which is still stable and may tend to slow down. If China continues to implement strict disease control measures, And many industries that are highly dependent on the European market may be affected. However, some industries may benefit from exporting products to replace Russian products in the European market and may expand their market share. EIC expects the value of Thai exports in 2022 to expand at 6.1%, higher than the previous forecast. EIC expects Thai exports in 2022 to continue expanding. EIC adjusts the forecast for the value of Thai product exports to expand at 6.1%, higher than expected. The original rate was 3.4%, although the world economy tends to slow down from the effects of war. As a result, Thai export volume may expand at a slower rate in the future. But the prices of Thai export products will tend to increase.