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28 Oct 2024

Thai Economy

Thai exports in September 2024 boosted by upturn in electronics cycle (Business Brief No.4093 Full Ed.)

คะแนนเฉลี่ย
  • Thailand’s exports expanded by 1.1 percent YoY in September 2024, driven by shipments of computers and parts, which saw growth across all major markets. Meanwhile, refined oil exports declined due to the high base effect of global crude oil prices in 2023.
  • Thai exports in the final quarter of 2024 are expected to grow at a slower pace compared to the previous nine months, due to domestic structural issues, a slowdown in global demand, particularly in the Chinese market, and trade protectionism against China.
  • KResearch maintains its growth forecast for Thailand’s overall exports in 2024 at 2.5 percent, though there may be potential for higher growth if electronics shipments continue to rise.

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Thai Economy