The tide seems to turn in favor of Thailand’s manufacturing industries. The latest report from Krungsri Research Center, based on figures from the Bank of Thailand, indicated that Thailand's export and private investment may rise to 15% up from previously forecasted 9.5%. In June, the export growth made an 11-year high with USD 23.05bn in value – a 41.6% increase YoY, and the highest growth since July 2010. Some of the industries that garnered the most growth include vehicles & parts ( 143.4%), chemicals ( 73.8%), electrical appliances ( 60.3%), rubber products ( 54.6%), plastics ( 50.2%) and electronics ( 35.4%). These figures were collected from most major markets including ASEAN-5. These strong momentum could mitigate COVID-19 impact on manufacturing production.
Here is the opportunity amidst crisis. Let’s come together and empower Thailand manufacturing industry towards international competitiveness at “Manufacturing Expo 2021.” The event will welcome every supporting industrialists to expand the trade networks, strengthen alliance to push the country’s recovery at fullsteam!
