Thai exports may drop 7% this year, shippers say

Exports, a key driver of Thai growth, contracted a less than expected 3.86% in September from a year earlier.

BANGKOK: Thailand's exports may drop by 7% this year, an improvement on the 8-10% drop projected earlier and helped by a gradual recovery in global demand, but a strong baht remains a concern, the Thai shipping association said on Tuesday.

"After a positive surprise in September's shipments, we expect exports to improve further this year," Ghanyapad Tantipipatpong, chairwoman of the Thai National Shippers' Council, told a briefing.