Shipping containers at a port operated by the Port Authority of Thailand. Thai export growth is expected to face a downturn this year
Prospects for Thai exports look weak this year as a storm of economic uncertainties are expected to slow down shipping.
The Federation of Thai Industries (FTI) lists the likelihood of a global recession, the impact of the prolonged Russia-Ukraine war, high inflation and currency fluctuations as risk factors behind sluggish international trade in 2023.
Even car exports, which have been posting growth this year, are subject to change if the recession hits the automotive industry.
Thai outbound shipments are expected to contract in the first half of the year but may improve in the second half,…
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