Tue, December 07, 2021

business

Thai exports leap 41.59% in May


Thai exports surged 41.59 per cent in May from a year earlier, for the highest growth in almost 11 years, the Commerce Ministry reported on Thursday. Exports totalling US$23.057 billion were balanced by a 63-per-cent rise in imports to $22.261 billion, resulting in a positive trade balance of $795 million.

Exports for the first five months (January-May) were valued at $108.635 billion, up 10.78 per cent, while imports were worth $107.141 million, up 21.52 per cent.

Thai exports grew in line with global economic recovery, especially in key markets like the US, China, Japan and Europe, where manufacturers’ demand for raw materials and intermediate products is rising.

The Thai export rise was driven by agricultural and processed food, work-from-home products, and Covid-19 prevention products.

The Commerce Ministry maintained its full-year export growth target at 4 per cent but said the outlook is brightening.

Published : June 24, 2021

By : The Nation