The Performance Of Thailand’s Manufacturing Export Competitiveness With Six Selected East Asian Countries Using Shift-share Analysis

Pimjai Promsuwan, Soo Y Chua

Abstract


It goes without saying that exports competitiveness and trade growth are direct contributions to sustainable economic growth. The move of export competitiveness becomes international when it pertains to two or more countries accordingly. As such, manufacturing exports in the East Asian countries have been exploited the comparative advantage and the opportunities for economic development through trade. Thailand, as a market challenger, has been facing strong competition from the powerful global competitors who can steer through the turbulent trade environment. This study attempts to investigate the performance of Thailand’s manufacturing export competitiveness in the EU market as compared to the six selected East Asian countries’ performance (i.e. Korea, China, Indonesia, Malaysia, the Philippines and Singapore,) by using shift-share analysis. The main findings reveal that Thailand’s precious stone and jewelry exports had high competitiveness in the EU market, followed by the rubber products, machinery and equipment and road vehicle. However, Thailand did not perform well in the organic chemical, iron and steel, artificial and plastic material, office machines and automatic data processing and electrical machinery. In order to remain competitive in the world economy, the government continues to place emphasis on research and development and to increase the nation capability between the foreign buyers and the Thai jewelers. This effort has certainly propelled the precious stone and jewelry industry from Thailand into the forefront of global competitiveness.


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References


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