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Home International Customs

Exim researchers expect stronger exports in 2017

byCT Report
24/11/2016
in International Customs, Thailand
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BANGKOK: THAI EXPORTS should do better next year, according to the Business Research Department of the Export-Import Bank of Thailand. It says exports in 2017 should grow for the first time in five years.

The main reason is that oil prices have bottomed out. The oversupply witnessed this year due to increases in production capacity of several countries, particularly Iran and Iraq, should be relieved to a significant extent after the fall in the United States’ production of shale oil.

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