Commerce Ministry predicts 5% export growth next year

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BANGKOK, Dec 21 – The Commerce Ministry is optimistic that Thailand will enjoy export growth of no less than 5 per cent next year despite the current political turmoil.

Nuntawan Sakuntanaga, International Trade Department director general, said next year’s export volume should reach US$240 billion thanks to strengthened economies in the US, Europe, China, Japan and other major markets.

As long as the country’s airports and seaports remained open, exports would not be affected and foreign importers still have strong confidence in Thai products, she said.

Thai products with high demands in the international markets include automobiles and parts, electronics equipment, electrical appliances and textiles.

Shrimp production will also increase 10-20 per cent next year from this year’s volume of 250,000 tonnes, she said.

Ms Nuntawan said this year’s export growth should not be less than 0.5 per cent if export volume in the remaining month of the year reaches US$19.8 billion.