Kasikorn Research Centre: Thai exports to start growing Nov-Dec

The report said Thailand’s exports should start improving from June but still remain in contraction at a lower level and turn to positive in November and December. Government agencies related to exports and exporters themselves should adopt more proactive strategies after a number of countries have initiated economic stimulus measures to boost their economies, as well as turning the spread of Influenza A (H1N1) in the world into an opportunity, the Kasikorn report said.

Exporters should closely monitor movements of the world market to expand exports, the report said.

The report was issued after the Commerce Ministry announced late last week that the country’s exports fell 26.6 per cent in May from a year earlier to US$11.7 billion, the biggest monthly decline ever. Total export value in the first five months of 2009 amounted to $55.872 billion, representing a drop of 22.9 per cent.