Thailand's export sector in July expanded by 10.5 percent to 18.85 billion USD (Source: thaivisa.com)
Bangkok (NNT/VNA) - Thailand's export sector in July expanded by 10.5 percentto 18.85 billion USD, reflecting global economic recovery. Exports in the firstseven months of the year grew at the fastest pace in six years.
The Ministry of Commerce reported good economic growth in all markets,including the United States, the European Union, and Japan. China recorded themost growth at 29.2 percent. Thai exports grew across the board, with riceproducts expanding by 98.8 percent due to the government's policy of decreasingits stockpile to less than one million tonnes.
Exports in the first seven months of the year totaled 130 billion USD,expanding the most in six years at 8.2 percent growth. The ministry expects2017 exports to grow 5 - 6 percent, up from its original forecast of around 5percent.
July imports were valued at 19.04 billion dollars, marking an 18.5 percentincrease. This resulted in a 188-million-USD trade deficit, the first in overtwo years. However, the ministry said the deficit was due to short-term goldbuying and that trade in the first seven months of the year is at a surplus ofover six billion USD.-VNA
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Thailand's export sector in July expanded by 10.5 percent to 18.85 billion USD (Source: thaivisa.com)
