According to the Thai National Shippers’ Council, Thailand’s exports are anticipated to grow between 1% and 2% this year, aligning with their previous projection. Positive export performance in the initial four months of the current year has been bolstered by robust production levels in crucial trade partner countries, with the exception of Japan and China, as noted by Chaichan Chareonsuk, the council’s chairperson.
An additional factor contributing to export growth is the depreciation of the Thai baht currency, providing a favorable environment for exports. The surge in exports, a pivotal component of Thailand’s economic engine, showcased a notable 6.8% increase in April compared to the same period last year, driven by heightened demands for industrial products and rice.
Noteworthy progress was also evident in the year-on-year export figures for January to April, reflecting a 1.4% uptick. This positive trend contrasts with a 1% decline observed throughout the entirety of 2023.
