Export projection lowered | Bangkok Post: business

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Export projection lowered

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Thai exporters have slashed their growth projection to 4.6% this year, citing slowing consumption by trading partners and depressed prices as well as government intervention that has caused Thai products to lose competitiveness internationally. 

The Thai National Shippers' Council (TNSC), a group of nearly 3,000 exporters, revised down its export growth estimate for this year from 5.9% previously, based on lower shipments in July and August.

Commerce Ministry figures showed that exports declined by 6.95% year-on-year in August to a value of US$19.8 billion.

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