Thai exports could be impacted from Russia-Ukraine conflict in coming months, analysts warn

[webfact]

 

By Panithan Onthaworn

 

Thailand’s exports will likely be impacted by the Russian invasion of Ukraine from March, after February’s figures show no signs of decline in export value, analysts said on Friday.

 

As Russia invaded Ukraine in late February, the Commerce Ministry reported a 16-percent uptick in exports of the month from a year earlier, marking the 12 month of growth in a row.

 

Poonyawat Sreesing, a senior economist at the SCB Economic Intelligence Center (SCBEIC), expects that the Russia-Ukraine crisis will have an impact on Thai exports in March and April, “particularly exports to Europe.”

 

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Full story: https://www.thaienquirer.com/38935/thai-exports-could-be-impacted-from-russia-ukraine-conflict-in-coming-months-analysts-warn/

 

-- © Copyright Thai Enquirer 2022-03-26

 

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[Soikhaonoiken]

Something else to blame..  Or nothing to do with the strong Baht would it....

[hotchilli]

4 hours ago, webfact said:

Poonyawat Sreesing, a senior economist at the SCB Economic Intelligence Center (SCBEIC), expects that the Russia-Ukraine crisis will have an impact on Thai exports in March and April, “particularly exports to Europe.”

If Thailand continues to try an do business as usual with Russia they may well find Europe a tough market in future trade talks.

[Cake Monster]

Thailand can expect to be hit from all sides due to the Russian Invasion of Ukraine.

Exports are going to falter due to the cost of Raw materials and the strong Baht

Agricultural prices are going to soar as fertilizer prices are going to massively increase , again due to the War

The Country also relies heavily upon China, that has its own issues with a stalling Economy and Major Covid outbreaks now that are shutting down production Plants and entire Cities.