Thailand’s export turnover increased almost 8.5 percent to 539.84 billion TBH (equivalent to 16.88 billion USD) in April, making two consecutive months of growth.
Bangkok (VNA) – Thailand’sexport turnover increased almost 8.5 percent to 539.84 billion TBH (equivalentto 16.88 billion USD) in April, making two consecutive months of growth.
In March, the country’sexport earnings rose 9.22 percent to 20.89 billion USD.
The growth was drivenby rising prices of natural rubber, along with increasing demand for electronicproducts and food. In addition, orders for Thai goods in Europe and the USmarkets also increased to meet demand during the summer.
As a result, expertsforecast that the country’s exports will grow at 5 percent in the secondquarter, but will slow down in the third quarter and bounce back in the finalquarter.
Some factors may affectThailand’s exports are the US’ new policies and politics as well as the UK’sdecision to leave the European Union, known as Brexit.
The Thai Ministry ofCommerce aims for 5 percent export growth this year. Meanwhile the NationalEconomic and Social Development Board projected export growth for this year at3.6 percent, up from 2.9 percent in an earlier forecast. – VNA
The Fiscal Policy Office (FPO) under the Thai Ministry of Finance has raised its growth forecast for the country in 2017 to 4 percent as economic conditions have been improved.
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Illustrative image (Source: AFP/VNA)
