Thai exports increased for the second consecutive month, with the value reaching USD 25,476.3 million in September 2023. The growth is attributed to rising gold exports, improved economic conditions in China, and increased oil-related export product prices. Despite this, the overall trade balance for the first three quarters of 2023 remains at a deficit. The ongoing Israeli war may impact the global economy and indirectly affect Thai exports. SCB EIC expects export values to weaken by -1.5% in 2023 but return to growth in 2024 at 3.5%.