Display mode (Doesn't show in master page preview)

25 Sep 2024

Thai Economy

Thai exports rose 7.0% YoY in August 2024, boosted by HDD and gold shipments; full-year 2024 growth projected at 2.5% (Business Brief No.4085 Full Ed.)

คะแนนเฉลี่ย

Thai exports rose 7.0% YoY in August 2024, boosted by HDD and gold shipments; full-year 2024 growth projected at 2.5%

•    Thailand’s exports expanded by 7.0 percent YoY in August 2024, surpassing market expectations. This growth was primarily driven by increased shipments of hard disk drives (HDDs) and gold.

•    KResearch has upwardly revised its 2024 growth forecast for the overall Thai exports to 2.5 percent, thanks to the 4.2-percent YoY growth in the country’s shipments during 8M24 and the projected increase in gold and electronics exports.

•    The Baht’s rapid appreciation is expected to impact profit margins of exporters. Meanwhile, total purchase orders may depend on negotiations between buyers and sellers, as well as the flexibility in price adjustments for each product and industry.

View full article


Thai Economy