Shipping 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 the US, and EU, but China was not as active though gradually improving.
In a statement, the council revealed that exports, a key driver of Thailand's growth, could contract between 5%-6% in the first half of the 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, due to a low base from a year earlier and opportunities in certain sectors./.
