KResearch sees the overall picture of Thai exports in 2566 to shrink at -2.5%YoY.

Thai exports in August 2566 Expanded for the first time in 11 months at 2.6%YoY, above expectations. The factor affecting Thai exports to expand this month comes from the expansion of merchandise exports to important trading partner markets this month in many countries. Including the United States, Japan, and China, which comes from exports of agricultural and industrial products that have grown significantly.

however Kasikorn Research Center There is a view that Although Thai exports will be able to return to expansion in August 2566, demand from the Chinese market has shown to be weaker than expected in the past. Moreover, during the remainder of 2566, there are many challenging factors that may affect Thai exports. such as the slowdown of the world economy currency fluctuations inclement weather Geopolitical issues

so that Kasikorn Research Center Therefore, there is a view that Overall, Thai exports in 2566 will contract by -2.5% (YoY), decreasing from the previous forecast. In addition, in the future, Thai agricultural exports may still face challenging factors from the effects of the more intense El Niño phenomenon, which is still an issue that needs to be further monitored.

Read the full analysis at :  https://www.kasikornresearch.com/th/analysis/k-social-media/Pages/export-ebr4019-FB-2023-09-26.aspx