Photo: Thai exports via thaiembdc.org
The Thai Commerce Ministry predicts a surge in Thai exports in the second half of the year, thanks to a rebounding global economy. Factors such as the competitive baht exchange rate and planned market expansion initiatives are expected to boost trade, particularly in the food and fruit exports sector. The ministry is also looking to tap into potential new markets in the Commonwealth of Independent States and neighboring countries. However, risks such as economic downturns, unpredictable weather conditions, and fluctuations in interest and exchange rates could negatively impact the sector. The trading policies of major partners like China are also a concern. Despite a dip in exports for eight consecutive months, if Thailand can maintain current export levels, it could achieve its annual target of 0%. The weakening baht and collaboration between the private sector and the government are seen as factors that could contribute to a projected export growth rate of 1 to 2% by the end of the year.
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