Author: Pimnipa Booasang
EIC expects export value growth to be 7.0% and 3.3% YOY in 2017 and 2018 respectively. the price of oil which remains low and some commodity prices that are likely to contract may depress export price and exporters’ income in 2018. However, the economies of major trading partners such as the US, Eurozone, Japan, and China are likely to continue expanding in 2018, boosting confidence in trade and investment and thereby maintaining demand for key industrial products. If global trade and the manufacturing sector continue their upward trend, export growth may also beat the forecast.