BANGKOK (NNT) – The Commerce Ministry reported on Thursday (24 June) that Thai exports recorded their fastest expansion in 11 years during May, driven by strong global demand and economic recovery in trading partners, as the government continues aggressive promotion efforts.
Commerce Minister Jurin Laksanavisit said exports jumped by 45.9% in May, after a 25.7% growth in April and a 12% rise in March, and are maintaining a healthy growth momentum. The expansion was partly attributed to the ministry’s export promotion plans this year, in addition to the robust global economic recovery, especially in the manufacturing sector
Outbound shipments earned more than 20 billion USD for the fourth consecutive month and recorded the highest growth rate since June 2010. Products recording strong growth in May included agricultural and food products, such as cassava products, rubber, vegetables and fruit, fresh, chilled and frozen chicken, palm oil, beverages, pet food and food seasonings.
Mr Jurin said the Commerce Ministry expects to see a robust recovery of Thai exports in the next phase, as industrial product exports have grown steadily for five consecutive months. Oil-related product shipments are also growing, due to an increase in export prices and foreign demand, after many countries eased their lockdown measures. COVID-19 vaccinations are also enhancing consumer confidence.
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Reporter : Woraprat Lerpaisal
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National News Bureau & Public Relations : http://thainews.prd.go.th
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