Shippers revise export forecast upward
First quarter looks healthy but Ukraine crisis could dent some shipments in second quarter
The country’s exports are expected to rise by 8% in dollar value in the first quarter from a year earlier, up from 5% previously forecast, due to pre-confirmed orders, the Thai National Shippers’ Council said on Friday.
While exports should continue to grow by 5% for the full year, the broader impacts of an escalation of the conflict between Russia and Ukraine could cut export orders by between $4 billion and $5 billion in the second quarter, the group said in a statement.
Shipments that could be affected include cars and car parts,…
