StanChart optimistic on shipments Standard Chartered Bank (Thai) views exports as the key engine to support the Thai economy this year and drive growth next year. Thailand's exports experienced strong growth at 44% year-on-year in June, up from 38% in May. The country's exports have been growing with a broad base, led by the automotive and electronic sectors. For the year to date, exports have increased more than 10%, supported by a global economic recovery and baht depreciation. Given vaccination progress worldwide, herd immunity is expected by the end of this year, said the bank. "With the growth of exports, the government needs to contain new infections and speed up vaccinations to prevent the spread from affecting the manufacturing sector and slowing shipments," said Standard Chartered economist Tim Leelahaphan.