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Thailand’s exports to increase slightly by 1% in 2023

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Thailand’s exports are expected to increase by up to 1% this year, despite being affected by global trade tensions. The weak baht has helped boost the competitiveness of Thai exporters in some markets, particularly the US and Europe. However, exports may decline by 5% to 6% in the first half of the year compared to last year, before rebounding in the second half. The Thai National Shippers’ Council predicts that sectors such as electronics, automobiles, and agricultural products will benefit from China’s economic recovery and the low base effect from last year. The council urges the government to expedite the vaccination program and support domestic consumption in order to stimulate economic growth.

Source link : Thailand’s exports to increase slightly by 1% in 2023 by Akanksha Singh

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