Connect with us

Trade

Thailand’s exports grew 31% in Feb.

Imports in January and February were valued at $34.7 billion with an increase of 27.7 per cent, compared to the same period last year. The country’s trade surplus in February was recorded at $1.76 billion and $910 million in the first two months of 2011.

Published

on

Thailand’s exports in February surged by 31 per cent year-on-year, amounting to nearly US$19 billion, hitting a record high, Commerce Minister Porntiva Nakasai said on Friday.

Owing to strong global demand and the overall growing global economy, February’s export expansion was registered in all key sectors, particularly agricultural and agro-industry production which increased by 32.8 per cent, while key industrial products rose by 29.9 per cent.

Ms Porntiva added that exports to major markets gradually rose by 27 per cent while those to secondary markets were up 19.3 per cent. Exports to Latin American, Australian and Russian markets moved up 6.6 per cent.

The country’s exports in the first two months of this year totalled around $35.6 billion, up 26.7 per cent compared to the same period last year.

Meanwhile, Thailand’s imports in February amounted to $17.1 billion, up 22.5 per cent from a year earlier. Imports increased in all categories, including growth in raw material production by 6.8 per cent, capital goods 31.8 per cent and energy products 64 per cent.

Imports in January and February were valued at $34.7 billion with an increase of 27.7 per cent, compared to the same period last year. The country’s trade surplus in February was recorded at $1.76 billion and $910 million in the first two months of 2011.

Currently, the Commerce Ministry projected 2011 exports to expand by 10 per cent with an approximate value of $215 billion.

Source : MCOT News

Business

Pandemic drives sea freight prices to record high

The Covid-19 pandemic, which initially brought global shipping to a virtual standstill, did not bode well for the industry and led to “an unprecedented drop in demand”

Published

on

UTCC: Thai export sector to be affected by US-China trade war

Container shipping prices have reached record highs some 18 months after the outbreak of the coronavirus pandemic which disrupted maritime logistics chains and drove demand sky-high.

(more…)
Continue Reading

Trade

Thailand and EU resume FTA negotiations

Thailand and the European Union (EU) are now back in talks to establish a Free Trade Agreement (FTA), for the first time since the initiative was put on hold in 2014.

Published

on

BANGKOK (NNT) – Thailand and the European Union (EU) are now back in talks to establish a Free Trade Agreement (FTA), for the first time since the initiative was put on hold in 2014.

(more…)
Continue Reading

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 14,162 other subscribers

Wise

Recent