Thailand’s jewellery exports to grow moderately

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thai gems

Thailand’s jewellery exports are expected to grow around 3 to 5 per cent in 2013, the chairman of the Thai Gems and Jewelry Traders Association, Somchai Pornjindarak, said at the 52th Bangkok Gems and Jewellery Fair which open on September 7 in Thailand’s capital.

Somchai said the forecast export growth of 3-5 per cent was due to improving economy of the US, which is Thailand’s main importer of jewellery. More American orders have appeared, and government has exempted import tax for jewellery and accessories displayed in the current show.

ha added that other factors included road shows and goods expos in other markets such as the Middle East, Africa and former Soviet Union countries.

Thailand is one of the world’s major gems and jewellery producers and exporters. The sector has become one of the country’s top 10 foreign exchange earners, generating tens of billions of baht to the economy and creating jobs for millions of people.

However, this year’s growth is quite moderate compared to 10 to 30 per cent annual growth in previous years which still show weak global demand as a result of the sluggish Western economies.

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Reading Time: 1 minute

Reading Time: 1 minute

thai gems

Thailand’s jewellery exports are expected to grow around 3 to 5 per cent in 2013, the chairman of the Thai Gems and Jewelry Traders Association, Somchai Pornjindarak, said at the 52th Bangkok Gems and Jewellery Fair which open on September 7 in Thailand’s capital.

Somchai said the forecast export growth of 3-5 per cent was due to improving economy of the US, which is Thailand’s main importer of jewellery. More American orders have appeared, and government has exempted import tax for jewellery and accessories displayed in the current show.

ha added that other factors included road shows and goods expos in other markets such as the Middle East, Africa and former Soviet Union countries.

Thailand is one of the world’s major gems and jewellery producers and exporters. The sector has become one of the country’s top 10 foreign exchange earners, generating tens of billions of baht to the economy and creating jobs for millions of people.

However, this year’s growth is quite moderate compared to 10 to 30 per cent annual growth in previous years which still show weak global demand as a result of the sluggish Western economies.

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