Connect with us

Trade

Thai exports hit new monthly record in July

Thai exports in July hit a record high at US$21.521 billion, an increase of 38% year-on-year, beating the record in March of US$21.259 billion

Aishwarya Gupta

Published

on

Thai exports in July hit a record high at US$21.521 billion, an increase of 38% year-on-year, beating the record in March of US$21.259 billion, Permanent Secretary for Commerce Yanyong Phuangrach announced.

Loading...

Exports rose in all categories, particularly agricultural and agro-industrial products, which increased by 53.5 per cent — such as rubber with a 69.3 per cent increase, and rice with an increase of 110.6 per cent.

Thailand has now seen growth in exports for 22 consecutive months.

Thailand has now seen growth in exports for 22 consecutive months.

Similarly, industrial goods rose 34.9 per cent particularly jewellery and ornaments which expanded by 302 per cent, resulting from rising gold prices, which caused the value of gold exports to grow by 3,919 per cent.

Exports in the first seven months of this year valued at US$139.499 billion, an increase of 25.7 per cent, compared to the same period last year.

All groups of export markets expanded with 21.4 per cent growth of the matured markets. Thai exports to Europe and Japan, facing economic problems also rose by 35.5 per cent and 23 per cent respectively. The US market grew 8.1 per cent, marking a slowdown for the second consecutive month.

via Thai exports hit record high in July.

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 13,957 other subscribers

Latest

Trending