FRIDAY, March 29, 2024
nationthailand

Export growth of 12% forecast

Export growth of 12% forecast

The Thai National Shippers Council predicts that exports next year will grow by 12 per cent partly because of higher oil prices, while Thai shippers adjust to changing circumstances.

Nopporn Thepsithar, chairman of the council, said the higher oil prices would boost economic growth of many countries and result in more exports of oil byproducts from Thailand. 
However, some concerning factors remain, including fragile global economic growth and continued uncertainty on the growth of consumer purchasing power. There could also be rising non-tariff and trade barriers imposed by many countries, particularly developed nations such as the US.

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