Thai Q1 exports seen up 8% y/y, higher than earlier forecast, say shippers

Image from the The Nation Thailand/ANN.

BANGKOK, Feb 26 (Reuters): Thailand's exports are expected to rise by 8% in the first quarter from a year earlier, up from 5% previously forecast, due to pre-confirmed orders, the national shippers' council has announced..

While exports should continue to grow 5% this year, the broader impacts of an escalation of the conflict between Russia and Ukraine could cut export orders by between $4 billion and $5 billion in the second quarter, the group said in a statement.