Thai exports in 2017 hit a six-year high of 236 billion USD, growing 9.9 percent year-on-year on the back of improved buying power abroad.
Siam Commercial Bank’s (SCB) economic research center has issued an analysis of exports in 2018, projecting growth of 5 percent in line with global expansion and a hike in the price of fuel and farm goods. It noted the main risk factor of Thai exporters is the appreciating baht, which has so far risen 11 percent.
The Ministry of Commerce is to engage in a meeting with its trade ambassadors between February 19 and 21 to set a clear trade target for the year. It will also be handing down export policies during the meeting. At this time, it foresees car seats and computer equipment growing steadily in 2018 but is warning of impacts from fluctuating currencies and the financial woes of other nations.