Thai Exporters Anticipate 1-2% Growth Amid Global Tensions
Despite global tensions, the TNSC predicts Thai exports to grow by one to two percent in the second half of the year. Rising production costs and a weakening baht are key factors, with exporters advised to secure annual contracts to control costs. The council emphasizes government support for SMEs and high-potential industries.
Despite geopolitical tensions in Europe and the Middle East, the Thai National Shippers' Council (TNSC) expects the value of exports to expand by 1-2% in the second half of this year.
Chairman Chaichan Chareonsuk remains cautious, citing unpredictable factors such as the US-China trade war, rising production costs, and a shortage of containers.
The baht is expected to weaken against the US dollar, boosting export competitiveness.
The TNSC advises the government to manage energy prices and maintain stable logistics costs.
Exporters are encouraged to secure annual freight contracts to mitigate costs.
The council also urges support for small and medium enterprises and investment in high-potential industries like electronics.
Continued overseas trade promotion and export sector restructuring are recommended to enhance global recognition and competitiveness of Thai products.