Thailand’s Commerce Minister, Pichai Naripthaphan, expressed confidence in exceeding the government’s 2025 export growth forecast of 2% to 3%, citing strong economic fundamentals and adaptability among local exporters. Speaking on Wednesday, Pichai emphasized that a slightly weaker baht, in the range of 36 to 37 per U.S. dollar compared to the current level of under 35, would benefit exporters and enhance competitiveness in global markets.
“I’m not overly concerned. Thailand is resilient, and any potential challenges will likely affect others more than us,” he remarked after a meeting with business representatives to assess export prospects. Exports, a cornerstone of Thailand’s economy, grew by 14.6% in October 2024—the fastest pace in three months—and recorded a 4.9% increase in the first 10 months of the year. The overall export growth for 2024 is projected at 5%, reflecting sustained momentum.
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