A shipping vessel is docked at Laem Chabang port in Chonburi province in the Eastern Economic Corridor (EEC). (Photo: Port Authority of Thailand)
Thailand’s exports are likely to rise 1% in 2023 and should pick up later in the year, owing to a recovery in China’s economy, the Thai National Shippers’ Council said on Tuesday.
Exports, a key driver of Thai growth, were not as weak as expected in the first quarter and should improve in the remaining months of the year, Chaichan Chareonsuk, chairman of the council, told a news conference.
The group had forecast a 10% year-on-year contraction in exports for the first quarter.
In January-March, exports declined 4.5% from a year earlier, with imports down 0.5% and a trade deficit at $3…
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