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    The Export Council expects that next year exports will grow 1-2%.

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    Bangkok, The Exporters Council expects Thai exports in 2024 to grow 1-2% from 2023. It is expected that exports will shrink 1-1.5%.

    Mr. Chaichan Charoensuk, Chairman of the National Shipping Council of Thailand (STN) or the Exporters Council. It is expected that Thai exports have passed their lowest point. In 2023, exports are expected to contract by 1-1.5%, or an export value of approximately 283-284 billion dollars, and in 2024 it is expected to see Exports have returned to a positive expansion of approximately 1-2%, or an export value of approximately 285-289 billion dollars. In the 4th quarter of 2023, exports are expected to be able to expand by 5-7%, starting with Good signs have continued since August.

    For 2024, agricultural products, food, automobiles and parts is the main driver and this export Under the assumption that the exchange rate The average is 33-35 baht/US dollar. Dubai crude oil price averages 80-90 US dollars/barrel.

    External factors that Thai exporters must closely monitor are the world economy and the economies of trading partners. Inflation rate and world interest rates that remain stable at a high level including various trade regulations Especially related to the environment climate These are all non-tariff trade protection measures (NTB) that Thai exporters must understand. and comply with those regulations Otherwise, Thai products cannot be exported to those countries. or may be exported But must be taxed at a higher rate than usual. which puts it at a disadvantage to competing countries As for domestic factors Must follow the El Niño situation. Because it will have a direct impact on the production and export of agricultural products. and agricultural industry

    Mr. Chaichan also said that 2024 has challenges regarding wages. labor shortage Because Thailand has entered an aging society. Export enterprises must adapt Regarding the use of technology to help in the product production process. Because Thailand has entered an aging society. causing the number of workers to begin decreasing Therefore, we must give importance to investing in Automation for use in both production, marketing, and trade, which will help increase product production efficiency. and reduce the use of human labor.

    Source: Thai News Agency