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Thai exports improve slightly

EconNov 03. 2020

By The Nation

The Thai National Shippers’ Council has changed its forecast of export contraction this year to minus 7 per cent from minus 8 to minus 10 per cent due to improvement in global grade, its chairperson Ghanyapad Tantipipatpong said.

She explained that though the number of orders has risen, the council is keeping a close eye to see if there will be a second wave of Covid-19 infections in export destinations, especially the US and Europe.

Thai exports dropped 3.86 per cent year on year in September to US$19.621 billion, while export in the first nine months of the year fell 7.33 per cent year on year to $172.996 billion.