Thailand’s jewellery exports to grow moderately

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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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...

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.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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