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Thai exports in June remain impressive


July 23, 2008

Thai exports in June remain impressive
Thailand's exports in June remained impressive with their value surging by 21.4 percent from the same month last year to a record high of $16.28 billion, state news agency TNA quoted a Commerce Ministry official as saying.

Permanent Secretary for Commerce Siripol Yodmuangcharoen on Tuesday said the export surge was boosted by a sharp increase of 51.7 percent to $2.82 billion in value of farm and agro-industry products including rice, natural rubber,

vegetables and fruits, and frozen and processed chicken.

Imports in June totaled $15.64 billion in value, up 30.7 percent from the same month one year before.

Of this, $3.47 billion are imports of fuel, up 66.4 percent, $3.74 billion are capital goods, up15 percent, $6.59 billion are raw materials, up 27.6 percent, $1.35 billion are consumer goods, up 44 percent.
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It resulted in a trade surplus of $627 million, down 21.2 percent from the same month last year. Exports in the first half of this year totaled $87.21 billion, up 23.1 per cent from the same month the year before.

Siripol said the ministry had maintained its target export growth of 12.5 per cent to $170 billion for this year.

In addition, it had increased the growth target to 15 per cent if the ministry and the private sector jointly attempted to push up the figure to the utmost of their ability.

He predicted that exports of farm products would continue to grow in the second half of this year. However, he conceded the exports of each product items remain volatile in that period.

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