Growth in Thai exports expected in Q1 due to stable freight costs

Thailand is set to experience a 1 to 2% growth in export value during the initial quarter of the year, fuelled by stable freight costs and rising shipments of key commodities such as rubber, rice, pet food, electronics, and automobiles. This positive forecast is shared by Keerati Rushchano, the permanent secretary of commerce, who anticipates a steady growth trajectory as the country’s manufacturing sector recovers and the economies of main trading partners, including Japan and the EU, display resilience.

Keerati highlighted the commendable performance of agricultural exports, boosted by heightened demand. However, a significant drop in agro-industrial exports was witnessed, a consequence of the revival of the tourism sector. Industrial goods exports, particularly electronics, have witnessed continuous expansion as the nation progresses…