Thai exports are expected to contract in the first quarter, but they are likely to start recovering from the second quarter, according to the Commerce Ministry.
Phusit Ratanakul Sereroengrit, director-general of the International Trade Promotion Department, said yesterday that the country’s exports in the first quarter of this year are still expected to be negative, partly due to the high base from the same period of last year.
Nevertheless, he noted that outbound shipments are expected to begin recovering in the second quarter, as it is believed that there will be an acceleration of imports to prepare for production and exports during this period.
The Commerce Ministry predicts that the slowdown in consumption and the global economy, alongside relatively high inflation, will inevitably affect exports during the remainder of this year.
Protracted geopolitical…
