THAILAND GARMENT SECTOR LOOKS TO DIVERSIFY EXPORT MARKETS
December 1st, 2012
BY JONATHAN DYSON, IN BANGKOK
THAILAND'S textile and garment industry is aiming to diversify its export markets as it faces a significant drop in demand from its key American and European Union (EU) markets.
Thai garment exports for 2012 are forecast to fall by 10% to USD2.8 billion, while the country's textile exports for 2012 are expected to dip by 15% to USD3.5 billion, according to figures from the Thai Garment Manufacturers Association (TGMA). Exports to the US in 2012 are estimated to decrease by 10% and exports to the EU by a whopping 25%.
The US ...
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