Thai export growth misses forecast in Dec, small rise seen in 2024

January 26, 2024

BANGKOK -- Thailand's exports rose for a fifth straight month in December but at a slower pace and less than analysts' forecasts, and the commerce ministry said on Friday that it expected small export growth in 2024 after a slight drop last year. Customs-based exports rose 4.7 percent in December from a year earlier, compared with a forecast for a 6.0 percent year-on-year increase in a Reuters poll, and following November's 4.9 percent rise. China was Thailand's second-largest export market in 2023 with a 12 percent market share, after the United States' 17.2 percent share. As exports dropped one percent last year, Keerati said the ministry's 2024 working target for export growth of one percent to two percent "is challenging". Rice shipments rose 13.7 percent to 8.76 million metric tons in 2023.

The source of this news is from Tuoi Tre News

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