Hopes for an upturn in exports by end of year
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THAILAND expects see improvement in its exports for the last two months of this year on the back of the upward trend in agricultural product prices, estimated rises in the price of oil-related products and depreciation of the baht, the Ministry of Commerce said.
In addition, the CLMV (Cambodia, Laos, Myanmar and Vietnam) market continues to expand. In October, Thai exports to this market grew 3.6 per cent, driven mainly by a large surge in demand for jewellery.
However, risks remain. The global economic recovery is currently not sufficient to drive global trade expansion to the previous satisfactory levels, while worries continue on uncertainty over protectionist US trade policy.
Thailand's trading partners have seen relatively sharp depreciation in their currencies, including the euro and Chinese yuan, against the US dollar, which could affect Thai exports to these destinations.
