Thai exports rise for eighth month in a row

A worker works on a ship at a port in Bangkok, Thailand, March 25, 2016. (Photo: REUTERS)

Exports, a key driver of Southeast Asia's second-largest economy, jumped 14.0% in February from a year earlier, above a forecast rise of 9.7% in a Reuters poll and following January's 13.6% increase.

Commerce Minister Pichai Naripthaphan told a briefing, trade and investment are flowing in and free trade negotiations will help boost exports. Exports could grow an annual 10% over the first quarter, he said.

In 2024, Thai exports rose 5.4% to a record 301 billion USD. The ministry has forecast a rise of 2% to 3% this year.

According to Poonpong Naiyanapakorn, head of the Trade Policy and Strategy Office, there was no impact from US trade policy on Thai exports in the first two months of this year, which increased 13.8% year-on-year.

In February, exports to the US, Thailand's biggest market, rose 18.3% from a year earlier, while shipments to China increased 22.4%.

Rice export volumes dropped by an annual 33.1% in February. Thailand, the world's second-largest rice exporter after India, is expected to ship 7.5 million tons this year, down from 9.95 million tons in 2024, following India's resumption of rice exports, according to the commerce ministry./.

VNA

Source: https://en.vietnamplus.vn/thai-exports-rise-for-eighth-month-in-a-row-post312019.vnp