Thailand'S Exports To China Increased By 21.1% In October.

Exit

It continued to grow at a total value of US $2 billion 300 million, an increase of 21.1% over the same period last year, while Thailand's overall exports grew by only 0.3% year-on-year, which is quite different from that of the major export markets such as the US and Europe.

However, compared with September, exports to China showed a slowing trend in October, a monthly contraction of 22.5%, which clearly reflected the poor performance of China's industry and services sector in October, and the same slowdown in the fragile economic growth of China's major trading partners. It also showed that China's monetary tightening measures implemented in early 2011 have been effective.

Industry

Losses in large areas and disruptions in export production and supply chain are bound to affect Thailand's exports to China for the rest of this year.

Therefore, the Thai Farmers' Research Center expects that Thailand's total export value to China will slow to 27-30% in 2011, representing a slight increase of 33.2% over 2010.

However, from the rest of this year to the beginning of 2012, China will still be the main driver of Thailand's overall export growth.