Thailand’s exports in the first eight months of this year totalled around US$125 billion, representing an increase of 32.6 per cent, according to Commerce Minister Pornthiva Nakasai.

Ms Pornthiva said the export volume in August alone reached US$16.4 billion, or an increase of 23.9 per cent, compared to the same period last year.

The export for major goods increased in every sector, she said. Agricultural and agro-industrial products saw a 14-per cent rise, as well as rubber, processed and canned frozen food which enjoyed increasing orders in both quantity and value.

Industrial goods including electrical appliances, automobiles, plastic resin, and plastic and rubber products recorded an increase of more than 20 per cent.

Export values in Thailand’s main markets have continued higher for the tenth running, at some 31.2 per cent, while the values in its minor or new markets rose for the 12th consecutive month, at around 11.5 per cent.

However, rice orders for exports were lower due to the ongoing strong baht currency and competition from Vietnam, Pakistan and India. The volume of rice orders has fallen by 13.5 per cent, while its value was down 18.6 per cent.

via Thailand’s 8-month exports surge 33%.

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

Thai civil society urges government to end plans to join CPTPP

Thailand’s anti-CPTPP civil society organizations, claiming to represent 400,000 citizens, issued an open letter today (Thursday), addressed to Prime Minister Prayut Chan-o-cha, urging the government immediately to cease plans to join the 11-member Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) trade bloc.

Hong Kong’s case for RCEP membership

At the moment, Hong Kong does not have bilateral trade agreements with Japan or South Korea. By joining RCEP, Hong Kong may be able to capitalise on significant new trade and investment opportunities with both these countries.

What you need to know about the Regional Comprehensive Economic Partnership

Although India pulled out at the last minute, China and 14 other countries agreed on the world’s biggest trade agreement – the Regional Comprehensive Economic Partnership (RCEP).