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Thai exports welcomed 2024, the year of the dragon, with signs of recovery.
Thai exports in January 2024 reached a 19-month high, with a 10% increase in value reaching USD 22,649.9 million. Gold exports surged by 194.2%, contributing to the growth. Exports to all key destinations also improved. Trade balance reverted to a deficit due to increased imports for production and investments. SCB EIC predicts continued expansion in 2024.