TNSC chairman looks at export sales figures in April 2023 that continue to be negative. hopes to speed up the establishment of a new government in order to operate the export machine to the fullest But still forecast the overall export work target for 2023 to grow between 0-1%
Dr. Chaichan Charoensuk, Chairman of the National Shippers' Council of Thailand (TNSC), jointly held a press conference with Mr. Supap Suwanpimolkul, Vice President and Mr. Kongrit Chantarik, Executive Director, said that Thailand's international trade conditions April 2023, exports amounted to 21,723.2 million US dollars. Compared to the same month last year (YoY), it was found to have contracted 7.6% and its value in baht terms was 737,788 million baht, a 5.6% contraction (when deducting gold, oil and military weapons. Exports in April fell by 6.8%), while imports were valued at 23,195 million US dollars, a 7.3% contraction, and their value in baht was at 797,373 million baht, a 5.4% contraction. In April 2023, the deficit was 1,471.7 million US dollars or equal to 59,584 million baht.
However, the overview of Thailand's international trade in January-April of 2023 compared to the same period last year (YoY) found that Thailand exported a total value of 92,003.3 million US dollars, a decrease of 5.2% and value in baht terms. equal to 3,110,977 million baht, a 2.2% contraction (when deducting gold, oil and military weapons It was found that exports during January-April contracted by 2.3%), while imports were worth 96,519.3 million US dollars, a 2.2% contraction, and imports in baht terms were 3,305,763 million baht, a 0.8% increase. Let Thailand's trade between January and April 2023 deficit be equal to 4,516 million US dollars or equivalent to 194,786 million baht.
However, TNSC maintains its 2023 overall export work target to grow between 0-1% (as of June 2023), with the key risk factors in 2023 being: 1) the delay in government formation; May affect the plan to push exports in the second half of the year. 2) The global economy remains highly uncertain. from the situation of geopolitical conflicts Affecting all sectors, the financial sector, production, exports of raw materials and energy. 3) The global interest rate remained stable at a high level. affecting the economic slowdown 4) High production costs, such as electricity costs, affect the price competitiveness of Thai products. 5) Inventories in trading partner countries remain high. As a result, orders were delayed. 6) Climate change problems. May affect the agricultural sector in the country.
In addition, TNSC has important recommendations, including: 1) speed up the process of government establishment; 2) Ask the Bank of Thailand to carefully consider adjusting the policy interest rate. so as not to burden SME entrepreneurs too much 3) ask the government to help manage electricity costs appropriately To reduce the impact on the production cost that has increased and may be a disadvantage to trading partners, major competitors.
Source: Thai News Agency