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Thai exports up for a second month in a row

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Thai exports up for a second month in a row

Praphorn Praphornkul

 

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BANGKOK(NNT)-Despite limitations caused by the global spread COVID-19, Thailand still saw its export sector grow by 2.12 percent in April this year, the second consecutive month of expansion.

 

Export value reached US$18.94 billion last month on the back of farm goods, especially rice, which returned to growth for the first time in 18 months, expanding by 23.1 percent. Frozen and processed food products, as well as condiments, also saw growth. Automobiles and parts contracted 53.8 percent, as did computers and electrical appliances.

 

Strong trading partners continued to include the US, where demand grew 34.6 percent, Japan, up by 9.8 percent, and Hong Kong, up 38.2 percent. Over the first four months of this year, exports hit a value of US$80 billion, up 1.19 percent.

 

The Ministry of Commerce has forecast that the sector will end the year slightly down due to logistic obstacles. Farm goods are, however, expected to continue growing for another one to two years.

 

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-- © Copyright NNT 2020-05-24
 

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And while the value of the Thai baht is down a little the growth will continue until its value is pushed back up resulting in a contracture of exports once again . IMO .

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First they said exports were in negative now they are up these people couldn't lie straight in bed whos running this mickey mouse

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2 hours ago, rooster59 said:

Thailand still saw its export sector grow by 2.12 percent in April this year, the second consecutive month of expansion.

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Exports to the USA up.  Encouraging, and perhaps they see merit in pushing the Baht down.  And I hope they also recognize the huge potential of exports post-Wuhan virus, when America seeks some new trading partners.  Vietnam will prosper, and let’s keep fingers crossed for Thailand.  They still have a long way to go.

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