President of the National Shippers' Council of Thailand (TNSC) pleads with the new government to stimulate exports after contracting continuously for several months, which TNSC maintains its forecast for the whole year's exports. 2023, growing between 0-1%, along with suggesting that the government should take care of the electricity bill, the whole system should not be too expensive to reduce costs for the private sector.
Dr. Chaichan Charoensuk, Chairman of the Thai National Shippers' Council (NASC), spoke at a press conference with Mr. Supasuwanphimonkul, Vice President and Mr. Kongrit Chantarik, Executive Director indicates that Thailand's international trade in March 2023 compared to the same month last year showed that exports were valued at 27,654.4 million US dollars, a 4.2% contraction, and a value in baht terms of 942,939 million baht, an increase of 2.2% (when Minus gold, oil and consumables Exports in March grew by 0.01%), while imports were valued at 24,935.5 million US dollars, a 7.1% contraction, and their value in baht was at 860,535 million baht, a 1.0% contraction. In March 2023, the surplus was equal to 2,718.8 million US dollars or equal to 82,403 million baht.
However, overall Thai international trade in January – March of 2023 compared to the same period last year found that Thailand exported a total value of 70,280.1 million US dollars, shrinking by 4.5% and having a value in baht terms of 2,373,189. million baht, a contraction of 1.1% (when deducting gold, oil and military weapons It was found that exports during January-March contracted by 0.9%), while imports were valued at 73,324.3 million US dollars, contracted by 0.5%, and their value in baht was at 2,508,390 million baht, expanding by 2.9%. Thailand in January-March 2023 has a deficit of 3,044.2 million US dollars or 135,201 million baht.
The NESDB maintains its 2023 export growth forecast of 0-1% (as of May 2023), with risk factors that will hinder 2023 as follows: 1) The global economy remains highly uncertain. from the situation of geopolitical conflicts It affects all sectors such as finance, production, exports, raw materials and energy. 2) Production costs are still high. especially electricity and energy costs, which are still fluctuating and affecting competitiveness. 3) Inventory in trading partner countries remains high. As a result, the demand decreased. 4) The problem of hot weather around the world. affecting production in the agricultural sector The produce is out of season.
In addition, TNSC has an important recommendation that asks the government to properly manage the adjustment of energy costs (FT) in order to reduce the impact on the rising costs of the manufacturing sector and to increase the capacity. In the competition against partners, major competitors.
Source: Thai News Agency