Analysis of Export Trend in 2012

Analysis of Export Trend in 2012

The export trend is likely to be upward in year 2012, especially the consumer product related business.

Thai economic situation in Thailand is likely to get better. The growth is expected in both the export value and volume. However the growth rate depends also on the support of the government given to its local entrepreneurs.  As ASEAN Economic Community is to be set up in 2015, to be ready for the trade and service liberalization, Thai entrepreneurs should be prepared by enhancing its capabilities and business opportunities.

Khun Paiboon Ponsuwanna. Chairman,of Thai National Shipper’s Council, revealed that the GDP of this year will be higher than last year and reach at 4.5% but this is under the assumption that the business in manufacturing industries has been improved, the government has presented its strong strategies and applied the budget deficit as planned and the economic situation in USA and Europe has got better.

However if the economy in USA and Europe is getting worse in this year, Thailand will be affected economically and the GDP will drop to only 2-2.5%. The section expected to grow most this year, according to Khun Paiboon, is the consumer products especially food and Thailand is believed to be a leader in the food competition in the world.

Thai Export volume growth of 12%

Khun Paiboon revealed that the export value of Thailand is expected to grow up to 12% while the export volume would grow 9.7%. The world economic situation is still weak and the growth level is low. The European Union is likely to face the recession in the last quarter of 2012.

The freight trend in this year is unchanging. Only for the routes in Europe the freight has been decreasing since the third quarter of year 2010. In accordance with ASEAN Harmonized Tariff Nomenclature 2012: AHTN 2012, the Customs Department implemented the change in duty structure which was effective from January 1, 2012. Most of exporters are not aware of this. Actually the official announcement of the change was on January 5, 2012. Many exporters agreed that the training and seminar on the change should be conducted to give more knowledge and create awareness among them.

Prepared for AEC

AEAEN Economic Community (AEC) is to be established in 2015and the liberalization of trade in services in health, computer and telecommunication, tourism and air transportation was undertaken in 2010 while the one in logistics will be implemented in 2013 and the other kinds of business will be in the free trade within 2015.

According to Khun Paiboon Thai manufactures and entrepreneurs should upgrade their business with the support of the government. Some rules should get less strict and some procedures should be eased .These can help Thai entrepreneurs able to compete with their counterparts worldwide with reduced time and cost.  Some related knowledge especially that of trade liberalization should be distributed among business runners. The logistics system should be focused as it would be helpful for the business development and competition. 

 

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