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Thai exports projected to grow 4% next year as recovery strengthens
EconDec 24. 2020
By The Nation
Thai exports next year are expected to grow 4 per cent to US$238.477 billion, driven by demand for health products, farm produce, and products related to Covid-19 prevention and work-from-home measures, said Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office (TPSO).
She added that while many countries were suffering a second-phase outbreak, their governments were expected to impose only partial lockdowns.
Thai exports in November contracted 3.65 per cent to $18.932 billion, better than the projected $18.5 billion due to the global economic recovery.
Imports in November fell 0.99 per cent to $18.880 billion.
Thai exports in the first 11 months declined 6.92 per cent to $211.385 billion, while imports shrank 13.74 per cent to $187.872 billion.
She added that if exports reach $18.5 billion this month, total exports in 2020 will drop less than 7 per cent from last year to $229.03 billion.
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