25 Oct 2023 Thai Economy Thai exports in September 2023 grew for the second consecutive month at 2.1% YoY, but close attention must be paid to the increased geopolitical risk to the global economy (Business Brief No.4022 Full Ed.) คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star In September 2023, Thailand’s outward trade grew for the second consecutive month at 2.1 percent YoY. Thanks to the steady growth in fruit shipments to China, the overall Thai exports to China surged 14.4 percent YoY. Gem and jewelry exports (including gold) recorded substantial growth, driven partly by a short-term factor, i.e., the Bangkok Gems and Jewelry Fair, organized by the Ministry of Commerce during this period. Price-related factors may help support Thai gold exports, going forward. We at KResearch, however, are of the view that Thai shipments during the rest of 2023 may continue to be pressured by the sluggish global trade amid numerous uncertainties surrounding the global economy, including escalating tensions stemming from Israel-Hamas and Russia-Ukraine conflicts. There are also many downside risks that may dampen Thai exports, such as forex volatility and erratic weather conditions. Nevertheless, the low base of 4Q22 and export growth reported for August-September 2023 may help support Thai shipments during the remainder of 2023. Given this, KResearch views that Thai exports may contract at 2.5 percent during 2023. However, Thai shipments grow steadily during the rest of 2023, they may shrink at a slower rate than our prior estimate. View full article Login / Register Or Enter the code from the poll Annotation This research paper is published for general public. It is made up of various sources. Trustworthy, but the company can not authenticate. reliability The information may be changed at any time without prior notice. Data users need to be careful about the use of information. The Company will not be liable to any user or person for any damages arising from such use. The information in this report does not constitute an offer. Or advice on business decisions Anyhow. Thai Economy Export Related Analysis View all 12 Mar 2018 Thai Economy Households are Cautious about Spending in 1Q18 According to a survey on household economic conditions for February, views of Thai households across the country toward economic conditions and the cost of living over the next three months remained unchanged. This is reflected in the 3-month Expected KR-ECI that was static at 47.1 in February. Households still had positive views toward income and employment, given the daily minimum wage rise slated for April 2018, while prices of some key agricultural produce, namely “Hom Mali” rice and cassava, have begun to increase. However, households were concerned about growing debt.... Read more 0 KB 0 KB 19 Feb 2018 Thai Economy Thai economy continues to grow in 2018 Growth of 4.0% is expected (Business Brief No.3727) The Thai economy in 4Q17 was buoyed by high growth in exports and tourism, while household consumption started to improve compared to... Read more 0 KB 0 KB 9 Feb 2018 Thai Economy Official launch of EEC: Key to Thailand’s Economic Development (Current Issue No. 2899 Full Ed.) The National Legislative Assembly (NLA) has approved the Eastern Economic Corridor (EEC) bill which is expected to boost investor confidence in large-scale, long-term investments by providing private investors additional incentives, namely non-tax privileges and a speedier process for licensing, in addition to the government's efforts to promote EEC investment through infrastructure projects and tax incentives. ... Read more 0 KB 0 KB 22 Jan 2018 Thai Economy Thai Household Debt May Fall to 77-78% of GDP in 2018 (Current Issue No. 2896) In 3Q17, Thailand's household debt fell from 78.4 percent of GDP – as recorded in 2Q17 – to 78.3 percent of GDP, which could be the res... Read more 0 KB 0 KB 18 Jan 2018 Thai Economy Economy Likely Unfazed by THB5-22 Daily Minimum Wage Hikes Nationwide (Business Brief No.3722 Full Ed.) The National Wage Committee recently agreed to raise the daily minimum wage to THB315.97, on average, or a range of THB308-330 across the... Read more 0 KB 0 KB 12 Jan 2018 Thai Economy Household sentiment toward economy continues to improve for 3 straight months, sending positive signal for private consumption in 1Q18 ... Read more 0 KB 0 KB View all