News

Thai export sector hit by rising shipment costs, labour shortage

Thailand’s private sector is confident the global economic outlook will improve next year, said Kalin Sarasin, chairman of the Thai Chamber of Commerce.However, he said the Thai export sector is facing rising shipment costs and a shortage of both containers and labour.Keep reading ...

The Nation Reporter

Govt asks central bank to manage soaring baht to aid exports

The government wants the Bank of Thailand (BoT) to temper a rally in the nation’s currency, which is threatening efforts to boost exports to balance a slump in tourism revenue, according to Finance Minister Arkhom Termpittayapaisith.The BoT is “taking care” of the baht, Mr Arkhom ...

GSP cuts by US will not significantly impact Thai exports [Video]

The Government Spokesperson has given assurance that cuts to the GSP (Generalized System of Preferences) privileges by the United States on certain Thai products will not have a significant impact on exports to the country, with response measures already in place.Keep watching ...

Commerce Ministry eyes Asian top-five trade ranking

The Commerce Ministry has set a goal to raise Thailand’s international trade value to Asia’s top five by 2027, up from eighth in 2019, by focusing on value-added industries such as digital, food and healthcare.To achieve the goal, Thailand would need to fetch at least ...

Phusadee Arunmas

Exports drop, but show signs of recovery

Exports were again in negative territory last month but the figures still bolstered confidence at the Commerce Ministry that the worst of the slump might be over.The ministry reported on Monday that exports in July contracted 11.37% year-on-year to US$18.8 billion as the coronavirus pandemic ...

Bangkok Post Reporter

Exports may shrink 15% this year: shippers

Thailand’s exports may contract by 15% this year as the coronavirus pandemic hits global demand and a stubbornly strong baht adds to pressure, a shipping association said on Tuesday.Exports, a key driver of growth, slumped 15.2% in the second quarter from a year earlier and ...

Commerce Ministry sees possibility for 2020 export growth

Despite exports falling in February and the stampede of negative factors that have ensued, the Commerce Ministry still sees room for Thai export growth this year.Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office, said Thailand is competent in the food and agricultural industries ...

Phusadee Arunmas

Farm produce exports suffering, domestic demand eyed

The COVID-19 virus will cost Thai exporters of farm produce more than Bt5 billion in the first half of the year, the Ministry of Agriculture and Cooperatives declared on Wednesday (February 26).Alongkorn Ponlaboot, an adviser to the minister, said the number of foreigners visiting Thailand ...

The Nation Reporter

Exports up for first time in 6 months

Exports rose for the first time in six months in January, largely driven by shipments of oil and gold.The Commerce Ministry reported on Monday that customs-cleared exports rose 3.35% year-on-year in January, fetching US$19.62 billion, with imports dropping 7.86% to $ 21.18 billion, generating a ...

Phusadee Arunmas

State to push promising products

Some 30 product items have promising export prospects and need special effort from the government to increase shipments, says the Commerce Ministry’s planning unit.Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office, said agricultural, food and industrial items are among the products, contributing a ...

Phusadee Arunmas

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