2020 Exports Expected to Shrink 0.9-2.4 %
The University of the Thai Chamber of Commerce (UTCC) expects Thai exports to shrink by 0.9-2.4 percent this year.
The University of the Thai Chamber of Commerce (UTCC) expects Thai exports to shrink by 0.9-2.4 percent this year.
Thai exports contracted 4 percent in August amid negative global factors and stronger baht, the Commerce Ministry reported.
Thai analysts predict the country’s exports could drop by 1.6-3.1 percent this year amid economic uncertainties.
Thailand’s exports in January contracted for the third consecutive month, due mainly to the US-China trade war and continued Thai currency appreciation, the Ministry of Commerce announced on Friday.
Thailand’s exports in November decreased 0.95 percent, still on pace to grow 8 percent this year, the Commerce Ministry announced on Friday