Ukraine row slows Thailand exports

The Russia-Ukraine conflict and rising production costs are pressuring Thailand’s export sector, the Thai National Shippers’ Council (TNSC) reports.

Thailand’s export value in the first two months this year was $44.74 billion, up 12.2 per cent year-on-year, the TNSC said at the weekend.

Exports were worth $21.25 billion in January and $23.48 billion in February, up eight per cent and 16.2 per cent, respectively.

TNSC chairman Chaichan Charoensuk said January-February exports expanded strongly on orders made before Russia began its military offensive against Ukraine on February 24.

He expects Thai exports in the first quarter to expand around five per cent year-on-year before falling below five per cent in the second quarter under pressure…