Exports set to expand by 4%

Thai exports are expected to grow by 2-4% this year due to foreign investment, particularly in the electronics sector, according to the Thai National Shippers' Council (TNSC).

- SOMHATAI MOSIKA

Dhanakorn Kasetrsuwan, chairman of the TNSC, said exports would reach roughly US$340 billion in 2026, with the electronics sector estimated to grow by 20-25%.

However, a significant amount of growth is driven by foreign investment, he acknowledged.

"Foreign investments have propelled our export numbers, which is not something we can take pride in as many local companies face tough competition and are struggling with stagnant or declining growth," Mr Dhanakorn said.

The council expects geopolitical conflict and climate change to benefit finished food exports, while rice exports may decline due to India's resumption of shipments.

Chicken exports are expected to grow at a slower pace compared with 2025 due to import quotas in major markets including Europe, the UK, Japan and South Korea.

Pet food, particularly the premium and special diet categories, is expected to post shipment growth, noted the TNSC.