SMEs enjoy export recovery in first half

Economy August 16, 2014 01:00

By The Nation

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Exports by small and medium-sized enterprises in the first half of this year improved to Bt980.42 billion, up by 14.77 per cent from the same period of 2013.

SME exports in June were valued at Bt171.96 billion, or 26.87 per cent of the total, an increase of 16.02 per cent over the same month in 2013, according to the Office of Small and Medium Enterprises Promotion (Osmep). 
Thailand’s main exports markets continue to be China, Japan and the United States, with jewellery, plastics and machinery leading the way. 
There were 29,466 new SME registrations in the first half, mostly related to general building construction, real estate and property development, machinery trading, foods services and restaurants, and consulting services. 
Imports by Thai SMEs in the first half amounted to Bt1.07 trillion, down from the same period of 2013 by 13.20 per cent. 
SME imports in June amounted to Bt179.84 billion, or 30.54 per cent of the country’s total, up by 2.84 over June last year, but down by 3.47 per cent from May 2014.  
As for the core markets for Thai exports in the first half of this year, China accounted for Bt288.94 billion, followed by Japan at Bt158.49 billion, the US at Bt62.75 billion, Switzerland at Bt53.20 billion and Malaysia at Bt51.49 billion.  
Most of the imported goods in the first half were related to electrical goods and components, machinery, computers and accessories, jewellery, gems and accessories, plastics and plastic products, and iron and steel, in that order.  
Meanwhile, the first six months saw 5,850 SME closures, down by 51.43 from the second half of 2013.