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Friday, April 26, 2024

Exports hit by slowing demand in Q4

Shipping containers are sorted at Klong Toey port in Bangkok. (Photo: Varuth Hirunyatheb)

Thai exports are forecast to grow by 6-6.5% in 2022, missing the target estimate of 7-8%, as global demand slowed in the final quarter, says the national shipping trade group.

Chaichan Chareonsuk, chairman of the Thai National Shippers’ Council (TNSC), said yesterday that the value of Thai shipments in the fourth quarter of 2022 was expected to contract by as much as 6% from the same quarter a year earlier.

Exports were forecast to remain in the red in December, falling by 7.5% year-on-year from the same month in 2021.

The Commerce Ministry reported on Dec 27 last year that exports dropped for a second straight month in November, blaming…

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