NRCT in Thailand revises export forecast, the whole year remains negative 7%.
Thailand
Published Nov 4, 2020
Tridge summary
SRT believes exports in the last 3 months have a good outlook after the first 9 months, less than expected. Adjust the full-year forecast to a negative 7% after the global economy and trade recovered.
Original content
Miss Kannaphak Tantipiphatphong The Chairman of the Thai National Shippers' Council (SorTor.) Revealed that the export figure in September 2020 contracted 3.86 percent, equivalent to an export value of US $ 19.621 million. And exports in the first nine months of this year contracted 7.33 percent, representing a value of US $ 172.996 million. The numbers of exports contracted down from the estimates. Due to the expansion of agricultural and industrial products Especially palm oil products, fresh frozen vegetables and fruits Processed canned food Cassava products Seasonings, rubber products, computer equipment and components, and rubber gloves, therefore, the TRC has revised its forecast for Thai exports in 2020 to shrink to 7 percent from the previous forecast (negative). Will be at 8-10 percent with a significant positive factor That is, the trend of global economy and trade starts to recover This can be seen from the revision of the global economic forecast in a better direction ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.