World

Thailand's exports fall less than expected in May

Thailand's exports decreased by 4.6% in May from a year earlier, according to the country’s Ministry of Commerce (MoC).
Thailand's exports fall less than expected in May ảnh 1Containers are being loaded in Bangkok, Thailand. (Photo: AFP/VNA)

Bangkok (VNA) - Thailand's exports decreased by 4.6% inMay from a year earlier, according to the country’s Ministry of Commerce (MoC).

The decline was lower than a forecast for an 8% year-on-yeardrop in a Reuters poll and a decrease of 7.6% year-on-year in April.

Exports, a key driver of Thai growth, weaken due to slowingglobal demand. However, Thai officials said a weaker baht will provide some support.

Apositive factor for overall exports was the weakening baht, Keerati Rushchano,the MoC's permanent secretary, said at a press briefing, adding that the globaleconomic outlook will also improve.

The MoC maintains the target of 1-2% annual export growthfor 2023, he said./.

VNA
#Thailand#exports#slowing global demand#growth#baht#Vietnam Plus#Vietnam News Agency
Follow VietnamPlus

Related News

EIS optimistic on Thailand’s economic prospects in H2

EIS optimistic on Thailand’s economic prospects in H2

Thailand's economy is predicted to experience a boost in the second half of this year, driven by a surge in tourism and domestic consumption, according to the Economic Intelligence Service (EIS), a research unit of the Thailand Development Research Institute (TDRI).
Thailand boosts SMEs' development

Thailand boosts SMEs' development

The Thai small and medium enterprises (SMEs) are set to receive a major boost as the PMG Corporation organizes the 9th edition of "Smart SME EXPO 2023".

See more

At Pulau Seraya power station (Photo: Straitimes)

Singapore begins construction on hydrogen-fueled power plant

Singapore on October 23 began the construction of an 800 million USD power plant that has the capability to use hydrogen to generate electricity, as part of a push to utilise the fuel to reach Singapore’s net-zero carbon emissions target by 2050.

Delegates at the event (Photo: VNA)

125th anniversary of Permanent Court of Arbitration celebrated

The Permanent Mission of Vietnam to the United Nations and missions of the Philippines, Australia, Egypt, Guatemala, Hungary, Thailand, France, Eritrea and Austria, organised a ceremony on October 22 to celebrate the 125th anniversary of the Permanent Court of Arbitration (PCA), as part of the International Law Week at the UN General Assembly's Legal Committee (Sixth Committee).

CEO of the Malaysia Digital Economy Corporation Anuar Fariz Fadzil (Photo: focusmalaysia.my)

Malaysia continues placing emphasis on digitalisation

The Budget 2025 provides significant support to further accelerate Malaysia’s digitalisation, encourage adoption of artificial intelligence (AI) and drive inclusive growth, further positioning Malaysia as a leading digital hub within the ASEAN region, according to CEO of the Malaysia Digital Economy Corporation (MDEC) Anuar Fariz Fadzil.

Malaysia's economic reforms boost investment inflow (Photo: thestar.com.my)

Malaysia's economic reforms boost investment inflow

Malaysia has attracted substantial foreign investments, reaching 22.2 billion MYR (5.16 billion USD) in the third quarter of 2024, the highest level for the same period since 2012, according to UOB's Global Markets and Economics report.

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN speaks at the debate (Photo: VNA)

Maintaining peace, stability a must for progress on human rights: Ambassador

Progress in human rights can only be achieved by maintaining peace and stability, respecting the rule of law at both the international and national levels, and ensuring respect for the principles of national sovereignty and non-interference in internal affairs, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN.

A visitor browses travel promotions at a travel fair in Nonthaburi province. (Photo: Bangkok Post)

Thailand plans enhanced support for domestic tourism

Thailand’s Ministry of Tourism and Sports is aiming to increase subsidy to local tourists in the upcoming stimulus scheme to 50% and would like to change the criteria for online travel agents, mandating them to register in Thailand to avoid losing income to foreign companies.

Oil field offshore Indonesia. (Photo: thejakartapost.com)

Indonesia begins major oil, gas exploration in Sulawesi

Indonesia's state-owned oil company Pertamina, along with foreign partners Sinopec from China and Kuwait’s Kufpec, has signed a contract to explore the Melati oil and gas block, located off the coast of Sulawesi. The block is estimated to contain trillions of cubic feet of gas reserves.