Thailand Exported 3715 Tons Of Cotton Yarn In July, A Decrease Of 29.06% Over The Same Period Last Year.

July of this year

Exports of 3715 tons of cotton yarn, a decrease of 29.06% compared to the same period, a decrease of 5.63%.

Thailand accumulated in the first 7 months of 2014

Cotton yarn volume of 28 thousand and 900 tons, a decrease of 9.82% over the same period.

Import of Thailand in July this year

28 thousand and 700 tons, a year-on-year decrease of 12.76%, an increase of 1.21%.

In the first 7 months of 2014, Thailand imported a total of 196 thousand and 100 tons of cotton, down 4.02% from the same period last year.

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Thailand textile entrepreneurs are calling for the establishment of an intra ASEAN supply chain, providing support for the textile industry and making Thailand an export power rather than focusing on export volume.

Kosit Panpiemras, executive chairman of Bangkok bank, said that Thailand's industry should cooperate to develop a strong supply chain. This is something that the private sector can achieve.

At a trade seminar organized by the Thailand textile society, he pointed out that China reorganized the textile industry according to its twelfth economic development plans.

China's goal is to pform its export power into an export power and maintain its export competitiveness and employability.

Higher labor wages have reduced China's export potential, but China has set up an export target of two figure growth.

Many countries in the world are trying to maintain the core industry's ability to create jobs in China.

Thailand's textile industry should be able to survive by developing skilled labor, design and technology.

Dr Kosit said that the minimum daily wage will increase to 300 baht next year, which will probably affect the cost of production.

Therefore, Thailand entrepreneurs should seek to form alliances with ASEAN partners in order to join the supply chain.