Monday, March 01, 2021

Thai exports upbeat for two months thanks to recovery of some economies

Feb 23. 2021
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By The Nation

Thailand’s export sector has been in positive territory for two months running, Phusit Ratanakul Sereroengrit, director-general of the Commerce Ministry’s Trade Policy and Strategy Office (TPSO), said on Tuesday.

In January, Thailand’s exports were valued at US$19.70 billion, up 0.35 per cent, while import was $19.90 billion, down 5.24 per cent. The country has a trade deficit of $202 million.

"The country’s exports last year was $231.46 billion, down 6.01 per cent, while import was $206.99 billion, down 12.39 per cent. The country had a trade surplus of $24.47 billion," he said.

He said exports entered positive territory thanks to global trade recovery, as the economy of many countries has recovered, especially in Asia.

"Export of products related to agriculture, working from home and Covid-19 have all expanded,” he said.

However, he warned that Thailand’s export sector will face pressure if there is a new round of Covid-19 infections.

"However, the Commerce Ministry expects the country's exports this year to expand by 4 per cent," he added.

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