COVID-19 Traction for Thai exports in the year 64

Thai exports, Year of the Ox Expect full year expansion by 3% to 4% from positive factors, food and pharmaceutical products are still strong. While this year’s risk factors COVID-19 outbreak That came back intensely, fearing dragging Thailand’s exports. Accelerate the state to find measures to support the Thai economy in the past 2 months

Miss Kannaphak Tantipipattanaphong ChairmanThai National Shippers’ Council (SorThorThor) Reveal the RAOT.Export forecast for 2021 Continues to expand between +3 to + 4% (as of Jan 2021) with a significant positive factor. Is food products And medical supplies, such as rubber gloves and work from home products, continued to expand in export value. From the situation of the COVID-19 outbreak That is back all over the world again.

While Risk factors that in 2021 such as the resurgence of COVID-19 In partner countries and within the country COVID-19 situation Of partner countries around the world are likely to be severe and protracted, especially in the European Union. United Kingdom Including South Korea, Japan and within Thailand Which may affect production activities With the announcement of lock-down measures and a contraction of purchasing power of trading partners around the world, Production and access to the COVID-19 vaccine Of countries around the world May have to take some timeUntil allocated to different countries For Thailand, the first vaccine is likely to arrive in mid-2021 or a little earlier. And the freight cost increased Which still does not resolve as it should

Including the baht value with a continuous appreciation direction This is due to the fact that Thailand has been included in the Monitoring List, especially as a country that may interfere with the US economy and trade surplus, while Vietnam and Switzerland are in The currency manipulator account allows foreign capital to flow into Thailand and the relative depreciation of the dollar on the long-term easing of monetary policy trends. As a result, oil prices may be likely to stabilize at low levels compared to 2019 due to the COVID-19 outbreak. Around the world that has become violent again around the world.

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However, the SRT There was a suggestion that the government should speed up the action in the last 2 months. Such as support measuresNew coronavirus situation Accelerate measures to help entrepreneurs or renew the measures released during COVID-19. Outbreak in the first round Whether it is Reduce the rate of fees for contacting government agencies Extend the term of the low-interest loan (Soft loan), extend the tax payment period. Reduce social security contributions for both employers and employees. Reduce utility bills (water and electricity bills) to help entrepreneurs and the public. Those affected by the new coronavirus outbreak, including asking the BOT to speed up remedial measures to help operators, such as asking the BOT to increase the role of state banks in granting loansBelieve soft loan measures In addition to the softloan decree, the BOT has renewed the measure for another 6 months to 18 April 2021 and some improvements to the rules for accessing more SMEs loans, includingTo solve the problem of container shortage

As for long-term measures For example, the government needs to continuously implement economic stimulus measures. Especially the export sector Tourism sector Which will have unemployed workers who are severely affected , Accelerating the development of the country towards the Digital economy, such as accelerating the development of the National Digital Trade Platform (NDTP) project to be able to operate completely electronically in line with the crises that have occurred. In addition, in order to reduce the process of dealing with the government, etc. In addition, government agencies are also asked to expedite the negotiation of free trade agreements, such as expediting the enforcement of the RCEP agreement by 2021, as well as accelerating the negotiation of the agreements in Pipeline such as Thai-UK / Thai-EU / EFTA / Pakistan / Turkey etc.

For November 2020 exports were US $ 18,932 million -3.65% compared to the same month last year. While imports in November 2020 were valued at 18,880 million US dollars -0.99% compared to the same period last year, resulting in November 2020 Thailand a trade surplus of US $ 52.59 million and 6,458 million baht.

soOverview during January – November 2020 Thai exports totaled US $ 211,385 million -6.92% compared to the same period of last year. While imports were $ 187.872 billion, -13.74% compared to the same period last year. As a result, during January – November 2020, Thailand has a trade surplus of 23,512 million US dollars and 655,384 million baht.

By agricultural products and agro-industry -2.4% compared to the same period last year. Products with good growth were rubber, pet food, rice, cassava products. Food seasonings, fruits and vegetables, fresh, frozen, canned and processed. The shrinking group of products was sugar, frozen seafood. Canned and processed fresh, frozen and processed chicken drink.

While industrial products -2.9% compared to the same period last year The expanding portfolio includes automobiles, equipment and components, rubber products, microwave ovens and heating appliances, telephones, equipment and components. Washers and components Air conditioners and components Furniture and parts The shrinking of goods such as gold, oil-related products Computers, equipment and components Gems and jewelry excluding gold, cosmetics, soap and skin care products.

While exports for the first 11 months of 2020, agricultural products and agro-industry contracted by -4%, industrial products contracted -6.6%, however, the SorTorKorea would expect Thai exports in 2020 to shrink between -7%. Up to -6%

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