Thai exports set for boost from cars, electronics and agriculture

With a forecasted lethargic overall performance in 2023, Thai exports are set to be propelled by automobiles, auto parts, electronics, and agricultural products in the concluding quarter of this year, according to the Federation of Thai Industries (FTI). The FTI anticipates a rising global demand for these products, which should invigorate Thai exports that have been sluggish for several months.

FTI Chairman Kriengkrai Thiennukul, posted a Joint Standing Committee on Commerce, Industry and Banking meeting, statement.

“Exports will contribute to Thai economic growth over the last two months this year.”

Nevertheless, the committee has downgraded its export projection for the year to a contraction of 1-2%, slightly lower than the previous 0.5-2% contraction.

Following a series of declines, Thai exports saw an increase for the second…