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MSME Situation in 2022 by Business Size

Micro SEs MEs

14.1% 2.0% 4.5%

Micro-businesses continued to expand SEs businesses experienced a slower MEs businesses continued to exhibit
as people resumed their normal lives, recovery despite the overall economic robust growth. Although MSME exports
impacting travel and spending. Measures improvement. However, issues with saw a decline of 6.0%, impacting the
aimed at stimulating spending, such as working capital persisted, partly due manufacturing sector, businesses in
the Co-payment scheme or We Travel to the conclusion of payment waiver the trade and service sectors sustained
Together’ project “have contributed to measures. Many banks, including the their expansion, aligning with the
increased income for small businesses. cautious approach of granting additional overall economic recovery of the
Despite rising inflation, household spending credit. Furthermore, inflation led to country.
and employment also continued to grow. increased production costs for goods
The number of foreign tourists also saw and services, resulting in modest profit
an expansion, particularly towards the increments.
end of the year.

MSME International

Trade in 2022

MSME Exports in 2022

• The value of goods exported by MSMEs in 2022 amounted
to 1,060,207.9-million-baht, equivalent to 30,508.2
million US dollars. This marked a decrease of 6.0%
compared to the previous year. MSME exports constituted
10.6% of the total export value, while the country’s Export value of
overall export value reached 287,068 million US dollars,
reflecting a 5.5% increase from the previous year. 1,060,207.9 million baht
• The primary export markets for MSMEs in 2022 were Decrease from
ASEAN, China, the US, Japan, and the European Union. the previous year 6.0%
These markets accounted for nearly 80% of MSMEs’
total export value. However, the value of MSME exports
witnessed a decline in all major markets compared to MSMEs held a share
of the total
the previous year. The Chinese market experienced a
sharp decline of 19.0% due to China’s Zero Covid measures, export value10.6%
while other markets were impacted by inflation, affecting
both goods prices and purchasing power.

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