Here are the sectors which could save Thailand's exports
As 2013 could be its lucky year.
According to Moody's, despite softness in agricultural shipments, Thailand's other key export sector, electronics, enjoyed stronger demand after new smartphones and tablets were launched in the second half of 2012.
This strength should last through the first half of 2013. Production of hard drives and PC components is still in the doldrums, however, as global business investment remains soft.
Here's more from Moody's:
We expect that an upturn in U.S. business investment later this year will lift Thai exports of PCs and hard drives. Improving global demand is expected to buttress auto shipments through 2013.
Japan's recent policy reforms, aimed at ending that nation's 20-year slump, will also boost Thai exports. We expect overall export growth to improve significantly in 2013, with momentum picking up in the second half.
Downside risks continue to center mainly on fiscal policy uncertainty in Europe and the U.S. A new fiscal crisis in either region could knock the global economy back into recession.