Post by : Meena Ariff

Thailand’s export sector is expected to record moderate growth of between 2% and 4% this year, largely supported by increased foreign investment, according to the National Shippers’ Council of Thailand (NSCT).

Speaking at a media briefing on Monday, NSCT Chairman Dhanakorn Kasetrsuwan said that while export figures are showing an upward trend, the quality of growth remains a concern. He noted that much of the expansion is being driven by foreign companies setting up production bases in Thailand rather than by stronger performance from local exporters.

“Exports appear to be growing by around 2–4% this year, but the results are not entirely satisfactory,” Dhanakorn said. “A significant portion of this growth comes from foreign investments, which may increase competition for Thai entrepreneurs, especially small and medium-sized businesses.”

Thailand has continued to attract overseas investors due to its strategic location, well-developed infrastructure, and access to regional markets. Several multinational firms have expanded manufacturing operations in sectors such as electronics, automotive parts, and processed foods, contributing to higher export volumes.

However, industry representatives warn that without stronger support, local exporters could struggle to compete with well-capitalised foreign firms. Rising production costs, global economic uncertainty, and fluctuating demand in key markets such as the United States, China, and Europe also remain challenges for Thai businesses.

The shippers’ council called on authorities to introduce targeted measures to strengthen domestic exporters, including easier access to financing, export incentives, and policies that help Thai firms move up the value chain.

Despite these concerns, officials remain cautiously optimistic that continued investment and improving global trade conditions could help stabilise Thailand’s export outlook in the coming months, provided local businesses are given adequate support to remain competitive.