Next Year, Clothing Exports In Thailand Are Expected To Be Similar This Year.
According to Thailand World Daily reported on November 29th, Thailand garment industry association chairman naid expects that the export volume of Thailand garment industry will reach US $8 billion next year, equivalent to about 24 billion baht, which is similar to this year's quota, no rise or fall.
The main export markets of Thailand's clothing industry, such as the US, Europe and other countries, have seen an economic slowdown, resulting in a decline in consumption. Especially in the US, it is estimated that Thailand's exports to the US will decline by 10%.
Naiad said he believed that there would not be a lot of layoffs in Thailand's garment industry, which could continue to maintain the normal operation of the industry. However, some of the manufacturers might go bankrupt and unable to adapt to the market competition. Some businesses that still operate will have the opportunity to expand trade.
In addition, we are worried about the economic situation in Thailand. We hope that the government will ensure that large, medium and small enterprises have sufficient liquidity and sufficient relief funds. If some enterprises need to expand investment, but because of high cost or unable to find the source of capital, investment will slow down.
Editor in chief: Yang Jing
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