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Q4 exports seen up no more than 5% - shippers

  • WRITER: REUTERS

Cargo ships are loaded with containers as they are docked at Klong Toey port. (Reuters file photo)

Thailand's annual exports are expected to grow no more than 5% in the fourth quarter as a strong baht has affected trade competitiveness, the Thai National Shippers' Council said on Monday, as the currency hovered at 28-month highs against the dollar.

The group predicts exports will rise 5% for the whole of 2017, Visit Limluecha, the council vice-chairman, told a news conference.

In January-July, exports, a key driver of Thailand's growth, increased 8.2% from a year earlier.

Exports have just recovered in 2017 after years of weakness.

The baht has appreciated 7.9% against the dollar so far this year, becoming Asia's best performing currency.

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