Skip to content
View in the app

A better way to browse. Learn more.

Thailand News and Discussion Forum | ASEANNOW

A full-screen app on your home screen with push notifications, badges and more.

To install this app on iOS and iPadOS
  1. Tap the Share icon in Safari
  2. Scroll the menu and tap Add to Home Screen.
  3. Tap Add in the top-right corner.
To install this app on Android
  1. Tap the 3-dot menu (⋮) in the top-right corner of the browser.
  2. Tap Add to Home screen or Install app.
  3. Confirm by tapping Install.

Thai Shippers Anticipate Export Growth in 2023

Featured Replies

cf0a8bcaef2ee4d24095ba87566a6a62_small.jpg

 

BANGKOK (NNT) - The Thai National Shippers’ Council (TNSC) has announced that the country’s exports are projected to grow between 1% and 2% this year, unchanged from previous forecasts, due to a slowing demand globally.

 

TNSC Chairperson Chaichan Chareonsuk pointed out that shipments, a significant contributor to economic growth, are also faced with high currency volatility.

 

Despite some negative factors, the council sees positive indications of China’s economic recovery. The group said exports are expected to decline by 3.7% in Q1 of 2023 compared to the same period last year, though they are predicted to recover in the second quarter with a 0.7% dip and post gains in the latter half of the year.

 

According to Chaichan, exporters are hoping for the baht to hover around 34-35 per dollar in order to improve trade competitiveness and align with other regional currencies. Although the baht experienced a sharp drop on Monday (6 Feb), it has still increased by 3% against the dollar in 2023 and is currently trading at around 33.6 to the greenback.

 

The shippers’ council is also calling on the central bank to maintain stability in the baht and to keep interest rates at appropriate levels. In 2022, customs-based exports saw a 5.5% increase.

 

Source: https://thainews.prd.go.th/en/news/detail/TCATG230208100429091

 

nnt.jpg
-- © Copyright NNT 2023-02-08
 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

The most versatile and flexible rental investment and holiday home solution in Thailand - click for more information.

11 hours ago, snoop1130 said:

The Thai National Shippers’ Council (TNSC) has announced that the country’s exports are projected to grow between 1% and 2% this year, unchanged from previous forecasts, due to a slowing demand globally.

With covid now globally declining and people on the move again it's fair to presume demand for commodities will rise and therefore distribution of goods will rise.

Create an account or sign in to comment

Recently Browsing 0

  • No registered users viewing this page.

Account

Navigation

Search

Search

Configure browser push notifications

Chrome (Android)
  1. Tap the lock icon next to the address bar.
  2. Tap Permissions → Notifications.
  3. Adjust your preference.
Chrome (Desktop)
  1. Click the padlock icon in the address bar.
  2. Select Site settings.
  3. Find Notifications and adjust your preference.