Annual Information Service
Thailand Freight Transport and Shipping
|Published by||Fitch Solutions, Inc.||Product code||352603|
|Published||annual subscription||Content info||48 Pages|
|Thailand Freight Transport and Shipping|
|Published: annual subscription||Content info: 48 Pages||
Key View: All freight modes experienced significant contractions during 2020 as collapsing external demand and domestic policies to control the spread of Covid-19 within Thailand had a profound effect on Thailand's economy. We see all freight modes returning to positive growth during 2021 as global demand recovers and Thailand gradually eases its movement and social distancing restrictions. We forecast imports to grow by 7.6% in 2021 and exports by 9%. A key factor in Thailand's economic recovery will be easing restrictions on tourist entry into the country, which accounts for 22% of GDP and is critical to the health of the country's all- important airline industry.