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21 Jun 2024

Thai Economy

Thai exports performed better than expected in May 2024, thanks to short term factors…KResearch maintains its growth forecast for 2024 Thai exports at 1.5% (Business Brief No.4067 Full Ed.)

คะแนนเฉลี่ย
  • Thailand reported better-than-expected export growth of 7.2 percent YoY in May 2024, driven primarily by fruit shipments, led by durian. Thai durian exports resumed growth for the first time in four months during May 2024 because the delay in harvest helped bolster durian exports to China by 31.2 percent YoY.
  • Meanwhile, geopolitical issues may create uncertainties for Thai exports in the future. Although China will likely accelerate its exports to the US, such a move may not have significant impact on Thai shipments even as Thailand is in China’s supply chain.
  • Thai exports during 2H24 are expected to accelerate within a limited range. KResearch still maintains its growth forecast for the overall Thai exports in 2024 at 1.5 percent

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Thai Economy