Ministry upbeat on year-end exports

Thailand’s export outlook for the remaining two months of the year remains positive, though growth may moderate for the period, according to the Commerce Ministry.

- PHUSADEE ARUNMAS.

Nantapong Chiralerspong, director-general of the Trade Policy and Strategy Office, said yesterday that export momentum is expected to be driven by strong global demand for digital technology products, along with sustained demand for processed agricultural goods and food products.

However, potential baht appreciation towards the year-end and a possible decline in agricultural output due to the floods present downside risk that the Commerce Ministry will continue to monitor closely, he said.

The Commerce Ministry expects that exports in the final two months will be valued at around US$25-26 billion a month. This would result in full-year export growth of 10.7-11.4%, amounting to $332-334 billion.