Thailand looks to achieve export growth of 3-4 percent in 2022 (Photo: NNT) This ministry cited a spateof persistent risk factors such as prolonged COVID-19 outbreaks, stiffermeasures for public health and the environment, and a shortage of labour andsemiconductors, local media reported.
The growth target from thisyear’s estimated 268.3 billion USD (up 16 percent from 2020) is based on awarning by the Organisation for Economic Cooperation and Development (OECD)that a renewed wave of the pandemic threatens to add to the existing pressureon the world economy, Commerce Minister Jurin Laksanawisit said on December 27.
Henoted that next year's export growth will be driven largely by the economicrecovery of Thailand's important trading partners, a favourable exchange rateat 32-33 THB per USD, rising Dubai crude oil and agricultural product prices,as well as an increase in container production.
Another booster is the implementationof the Regional Comprehensive Economic Partnership (RCEP) early next year, hesaid, adding that cross-border trade is also expected to see continued stronggrowth of 5-7 percent in 2022, with exports from Thailand estimated at 1.07-1.08 trillion THB.
Meanwhile, Chairman of the Thai Chamber of Commerce Sanan Angubolkul, asthe representative of the Joint Standing Committee on Commerce, Industries andBanking (JSCCIB), said the committee has forecast an export growth rate of 3-5 percent for 2022, slightly higher than the commerce ministry's predictionmainly because of the Thai baht's depreciation and the cooperation between thegovernment and the private sector./.
VNA
