Thai exports to contract no more than 1.5% in 2023 (TNSC)

The Thai National Shippers’ Council (TNSC) revealed that forward orders are being continually placed, leading it to believe that overall exports in 2023 will contract no more than 1.5%.

This optimistic outlook comes on the heels of export growth recorded in both August and September and an expectation for continued orders in the year’s final quarter.

TNSC Chairman Chaichan Chareonsuk cited the Commerce Ministry’s latest data, which showed a 2.1% year-on-year increase in exports for September, amounting to US$25.5 billion.

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