Thailand’s export hopes bloom in Q4, aiming to paint a brighter 2023 picture

[webfact]

 

The Ministry of Commerce in Thailand anticipates an uptick in the country’s exports for the last quarter of the year, potentially mitigating the projected contraction for 2023.

 

This encouraging forecast is attributed to several factors, including a partnership between the government and private sector to boost export activities and address associated challenges, drought-induced spikes in agricultural and food product imports, favourable exchange rates, and inventory stockpiling in preparation for the festive season.

 

The ministry also predicts growth in industrial goods, aligning with clean energy and digital technology trends, according to Keerati Rushchano, the permanent commerce secretary. While the overall export performance for the year may remain negative, the contraction is expected to be less severe than many agencies’ forecasts.

 

The ministry yesterday, October 24, disclosed an increase in the country’s exports for the second month in a row in September, reaching US$25.5 billion, a 2.1% year-on-year rise.

In contrast, imports declined by 8.3% to US$23.4 billion, resulting in a trade surplus of US$2.09 billion. Excluding gold, oil-related products, and weaponry, real sector exports grew by 1% year-on-year.

 

by Alex Morgan

Picture courtesy of Apichart Jinakul.

 

Full story: The Thaiger 2023-10-25

 

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[Will B Good]

....going to be busy.....aren't (isn't?) 10% of the UK population also due to arrive next year (TAT)

Edited October 25, 2023 by Will B Good

[Srikcir]

"export hopes bloom in Q4"

Hope never fails does it?

[billd766]

53 minutes ago, Srikcir said:

"export hopes bloom in Q4"

Hope never fails does it?

There is a chorus from a 1950s movie "South Pacific" That might have been written with Thailand in mind.

 

Happy talk, keep talkin' happy talk,
Talk about things you'd like to do.
You got to have a dream,
If you don't have a dream,
How you gonna have a dream come true?

[Mavideol]

Thailand hopes for so many things .... depreciate the baht by 20-30% and maybe some hopes will get rewarded, maybe

[Srikcir]

15 hours ago, billd766 said:

How you gonna have a dream come true?

Careful what you dream.

"When Dreams Become Nightmares" by Abandon All Ships:

( partial lyrics out of context)

You thought you had me fooled

You've fallen victim to, the lie and it's just me and you.