Strong demand boosts exports to CLMV
Exports to Cambodia, Laos, Myanmar and Vietnam continue to rise due to strong demand in the neighbouring countries, where the economies continue to grow, according to the Office of Industrial Economics. Ittichai Yotsi, director of the OIE’s Bureau of Industrial Economics Research, said exports to the four countries rose 4.45% in the first nine months of this year to US1.7 billion, which helped support exports in general. “The CLMV group is still in the stage of developing the countries to meet rising investment and growing economies. This has helped increase demand at a time when the reputation of Thai goods continues to grow among their consumers, boosting exports to the group substantially,” he said. Thai exports to CLMV account for around 10% of total exports to Asean, which represents some 23% of total annual exports.
