Impacted by a fall in demand from key markets, Thailand’s garment exports for the first nine months of the current year dropped to US$ 2.246 billion, registering a year-on-year fall of 11.7 percent.
Impacted by a fall in demand from key markets, Thailand's garment exports for the first #
According to the Thai Garment Manufacturers Association (TGMA), the fall was mainly on account of reduced exports to the EU and the US, the two key export destinations.
Impacted by a fall in demand from key markets, Thailand's garment exports for the first #
With a 34.25 percent share, the US continued to be the largest export destination for Thai garment sector during the review period, however, value of exports slumped by 13.9 percent year-on-year to US$ 769.4 million.
Impacted by a fall in demand from key markets, Thailand's garment exports for the first #
Similarly, exports to EU also slumped by 23.6 percent year-on-year to US$ 596.4 million, owing to reduced demand from leading EU markets like the UK, Spain, Germany and France.
Impacted by a fall in demand from key markets, Thailand's garment exports for the first #
Exports to Germany, the largest importer of Thai garments within EU, slumped 25.4 percent y-o-y to US$ 101.8 million, that to the UK by 37.7 percent to US$ 82.8 million, to France by 29.7 percent to US$ 81.2 million and to Spain by 39.2 percent to US$ 73.3 million. However, exports to Belgium grew by 1.21 percent to US$ 98.5 million.
Impacted by a fall in demand from key markets, Thailand's garment exports for the first #
Apparel exports from Thailand to some of the leading Asian markets posted positive growth during the period under review. Indicative of a year-on-year rise of 12.3 percent, exports to Japan grew to US$ 279.6 million, while that to China, including Hong Kong, surged by 6 percent y-o-y to US$ 72.9 million.
Impacted by a fall in demand from key markets, Thailand's garment exports for the first #
Fibre2fashion News Desk - India
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