Post by account_disabled on Dec 26, 2023 9:10:15 GMT
Business Research Department Export-Import Bank of Thailand (EXIM BANK) analyzes the “COVID-19 crisis…a test of Thailand's export immunity” We are halfway through the year 2020, which is full of difficulties for entrepreneurs. Thailand after having to face the situation of the spread of COVID-19 That is causing the world economy and the Thai economy to contract this year the highest in several decades. Although the latest outbreak situation in Thailand can be controlled well with the cooperation of all sectors. As a result, economic activity and domestic demand, especially consumption, have begun to show signs of improvement. But the situation in many countries around the world is still critical due to the number of new daily cases reaching record highs. As a result, foreign demand, which used to be the main artery for nourishing the.
Thai economy, is still in a state of continued weakening. This is reflected in the latest export value in May 2020 that shrank by 22.5%, the lowest in more than 10 years, pushing exports in the Phone Number List first 5 months of 2020 to shrink by 3.7%. The situation that occurred Looking at the positive side, it can be said that the COVID-19 crisis It has become a test of Thailand's export immunity. that they will be able to withstand uncertainty or other crises How much that might happen in the future? Considering the export figures in the past 3 years and the first 5 months of 2020 when the COVID-19 outbreak was heavy. Thai export products can be divided into “5 symptom groups” as follows: Strong, high-resistance group is a group of products whose exports have continued to expand well both before and during the COVID-19 outbreak. It was found that most of them.
Agricultural and food products that Thai entrepreneurs have expertise in and are recognized for their quality. In addition, many industrial products are in increasing demand in response to social distancing and environmental awareness trends. Such factors are confirmation that Thailand has immunity and potential in these products. The policy issue therefore lies in creating added value and creating a brand for this group of Thai products to become products in the minds of consumers around the world who emphasize quality over price. Including promoting investment and developing Thailand as a center for producing and distributing these products. Especially in response to the current trends in food security and health that are increasing. The temporary recovery group is a group of products whose exports began to slow down in the previous period but benefited from the COVID-19 outbreak. This causes increased demand for products in the short term. A way to strengthen this group of products in.
Thai economy, is still in a state of continued weakening. This is reflected in the latest export value in May 2020 that shrank by 22.5%, the lowest in more than 10 years, pushing exports in the Phone Number List first 5 months of 2020 to shrink by 3.7%. The situation that occurred Looking at the positive side, it can be said that the COVID-19 crisis It has become a test of Thailand's export immunity. that they will be able to withstand uncertainty or other crises How much that might happen in the future? Considering the export figures in the past 3 years and the first 5 months of 2020 when the COVID-19 outbreak was heavy. Thai export products can be divided into “5 symptom groups” as follows: Strong, high-resistance group is a group of products whose exports have continued to expand well both before and during the COVID-19 outbreak. It was found that most of them.
Agricultural and food products that Thai entrepreneurs have expertise in and are recognized for their quality. In addition, many industrial products are in increasing demand in response to social distancing and environmental awareness trends. Such factors are confirmation that Thailand has immunity and potential in these products. The policy issue therefore lies in creating added value and creating a brand for this group of Thai products to become products in the minds of consumers around the world who emphasize quality over price. Including promoting investment and developing Thailand as a center for producing and distributing these products. Especially in response to the current trends in food security and health that are increasing. The temporary recovery group is a group of products whose exports began to slow down in the previous period but benefited from the COVID-19 outbreak. This causes increased demand for products in the short term. A way to strengthen this group of products in.