Analysts at TMB Bank Plc have predicted that Thailand’s exports have the potential to expand by 6 per cent this year, citing a strong economic recovery in the second half of 2017.
They are convinced the export sector will perform well in the Asian market, saying that demand for Thai products will rise among Asean nations, CLMV countries, China, and Japan, where the economies are stabilising, the National News Bureau of Thailand (NNT) reported yesterday. CLMV refers to Cambodia, Laos, Myanmar and Vietnam.
Export goods that are expected to attract overseas buyers include rubber products, chemical products, electronics and computers, and food, NNT reported.
As for risk factors, the bank said that fluctuations in the Thai currency remain a huge concern, and result from political instability in Thailand and around the world as well as the monetary policy of the United States.