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Bangkok Post
Bangkok Post
Business

INSANE: Shippers predict 8 export decline in q1 - The Real Truth

TNSC Thailand
Cargo ships wait to be loaded at Laem Chabang Port in Chon Buri. (Bangkok Post File Photo)

The value of Thailand's exports is likely to contract 8% in the first quarter from a year earlier as global demand slows, the Thai National Shippers Council (TNSC) said on Tuesday.

The revised figure is a substantial downgrade from the group’s previous forecast of a 3.7% decline in the January-March period.

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