Thai export growth misses forecast in Dec, small rise seen in 2024

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BANGKOK (Reuters) – Thailand’s exports rose for a fifth straight month in December but at a slower pace and less than analysts’ forecasts, and the commerce ministry said on Friday that it expected small export growth in 2024 after a slight drop last year.

Customs-based exports rose 4.7% in December from a year earlier, compared with a forecast for a 6.0% year-on-year increase in a Reuters poll, and following November’s 4.9% rise.

December exports, a key driver of Thailand’s economy, dropped 2.9% from the previous month.

“Geopolitical…