Exports Head Out and Up
Thailand’s exports grew at their fastest rate for 18 months in January as the financial system of key markets gained force, helping lift orders for commodities from farm products to auto parts.
Exports increased 30.8% from a year earlier to $13.72 billion, while increasing 26% in baht terms to 453.42 billion baht. The development followed gains of 26.1% year-on-year in December and 17.2% in November.
Revenue this year from key export items has been increasing across the board, particularly agricultural produce, thanks to a better-than-expected upturn in the global economy, said Commerce Minister Porntiva Nakasai.
Deliveries of farming and agro-industrial products such as rice and rubber climbed 46.2% to $2.4 billion, while those of industrial products, notably electronic commodities and electrical appliances, automobiles, gems and jewelry and plastic pellets were worth $9.2 billion, a rise of 27.8%.
Exports to the 5 more developed portions of the Asean — Singapore, Malaysia, Indonesia, the Philippines and Brunei, increased 66%.
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