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.

Boris Sullivan

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.

Loading...

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

Trade

Thailand to increase rice exports to 6 million tons this year

National News Bureau of Thailand

Published

on

BANGKOK (NNT) – The Commerce Ministry has launched measures to increase rice exports to 6 million tons this year, valued at around 150 billion baht, with Indonesia, China, Bangladesh and Iraq set to be the main markets under government-to-government (G2G) deals.

Loading...
(more…)

Continue Reading

Singapore

UK exporters’ use of Singapore as ASEAN’s supply chain gateway boosted by new bilateral trade agreement

Singapore’s role as a hub for UK companies, whether as exporters or investors accessing Southeast Asia’s and broader Asian dynamic economies, was elevated by the new UK-Singapore trade agreement (UKSTA) which came into effect on 1st January 2021.

Avatar

Published

on

UK exporters’ use of Singapore as ASEAN’s supply chain gateway boosted by new bilateral trade agreement

There was much controversy, before and after the United Kingdom’s (UK) Brexit from the European Union (EU), in talk of it adopting a free trade and manufacturing model similar to Singapore’s.

Loading...
(more…)

Continue Reading

Economics

Cross-border trade is expected to grow up to 3-6%

National News Bureau of Thailand

Published

on

logomain

BANGKOK (NNT) – Thailand’s cross-border trade is expected to recover to growth of 3-6% this year, helped by COVID-19 vaccine distribution and the global economic recovery.

Loading...

Foreign Trade Department Director-General Keerati Rushchano said cross-border trade, which includes transit trade, is likely to generate 1.36 to 1.40 trillion baht, up from 1.31 trillion baht in 2020.

According to Mr Keerati, the key risk factor that may derail border trade growth is the political chaos in Myanmar that will weaken purchasing power there and cause a delay in goods transport.

Source link

Continue Reading

Most Viewed

Subscribe via Email

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

Join 14,066 other subscribers

Latest

Trending