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Thailand’s exports projected to rose by 1% this year

The Thai National Shippers’ Council (TNSC) on June 6 informed that the country's exports are likely to be flat or rise by only 1% this year as global demand has slowed but a weak baht is providing support.
Thailand’s exports projected to rose by 1% this year ảnh 1Shipping containers at Khlong Toei port in Bangkok.  (Photo: bangkokpost.com)

Bangkok (VNA) – The Thai National Shippers’ Council (TNSC)on June 6 informed that the country's exports are likely to be flat or rise by only 1% this year as global demand has slowed but a weak baht is providing support.

Chaichan Chareonsuk, Chairman of the TNSC, said strong export markets were theUS, and EU, but China was not as active though gradually improving.

In a statement, the council revealed that exports, akey driver of Thailand's growth, could contract between 5%-6% in the first half ofthe year from a year earlier, before picking up in the second half.

However, Chaichan estimated exports could grow 0.6%and 12% year-on-year in the third and fourth quarters of 2023, respectively, dueto a low base from a year earlier and opportunities in certain sectors./.

VNA
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