Thailand leads in jewelry, rubber industries in ASEAN

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AT631QNUA6Jewelry and rubber have emerged as the two industries in which Thailand has the highest potential in ASEAN while the country lags behind in food processing, electronics and textiles, a study unveiled on September 24 by the Thai Commerce Ministry shows.

Deputy Commerce Minister Apiradi Tantraporn said the study was conducted on nine key industrial products in ASEAN: Food processing; textiles and garments; automobiles and parts; jewelry and accessories; computers and electronics; chemicals and plastic; electrical appliances; furniture and rubber and rubber products.

In terms of exports, Thailand tops in five industries: Food, automobiles, jewelry, appliances and rubber. It comes second in chemicals, third in textiles and electronics and fourth in furniture.

In terms of competitiveness based on factors such as outlook, operators’ competitiveness, production factors, support industries, local demand and government support, Thailand leads in two industries: jewelry and rubber.

It comes second in automobiles, appliances, chemicals and furniture, and third in food, electronics and textiles.

Tantraporn said Thai operators should keep abreast of new global trends such as climate change, environment, urbanisation and links to regional and global production chains and IT and telecommunication developments, in addition to changes within specific industries.

To do so, the competitiveness of Thai operators could be enhanced through upgrades in facilities, infrastructure, designs, production technology research and development.

They should also take advantage of the upcoming ASEAN Economic Community and regional supply chains, she said.

 

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Reading Time: 1 minute

Jewelry and rubber have emerged as the two industries in which Thailand has the highest potential in ASEAN while the country lags behind in food processing, electronics and textiles, a study unveiled on September 24 by the Thai Commerce Ministry shows.

Reading Time: 1 minute

AT631QNUA6Jewelry and rubber have emerged as the two industries in which Thailand has the highest potential in ASEAN while the country lags behind in food processing, electronics and textiles, a study unveiled on September 24 by the Thai Commerce Ministry shows.

Deputy Commerce Minister Apiradi Tantraporn said the study was conducted on nine key industrial products in ASEAN: Food processing; textiles and garments; automobiles and parts; jewelry and accessories; computers and electronics; chemicals and plastic; electrical appliances; furniture and rubber and rubber products.

In terms of exports, Thailand tops in five industries: Food, automobiles, jewelry, appliances and rubber. It comes second in chemicals, third in textiles and electronics and fourth in furniture.

In terms of competitiveness based on factors such as outlook, operators’ competitiveness, production factors, support industries, local demand and government support, Thailand leads in two industries: jewelry and rubber.

It comes second in automobiles, appliances, chemicals and furniture, and third in food, electronics and textiles.

Tantraporn said Thai operators should keep abreast of new global trends such as climate change, environment, urbanisation and links to regional and global production chains and IT and telecommunication developments, in addition to changes within specific industries.

To do so, the competitiveness of Thai operators could be enhanced through upgrades in facilities, infrastructure, designs, production technology research and development.

They should also take advantage of the upcoming ASEAN Economic Community and regional supply chains, she said.

 

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