ASEAN KEY DESTINATIONS
Thai exports to increase 23 percent
The forecast called for growth in a range from 20.6 percent to 25.2 percent to between US$183.86 billion and $190.76 billion.
The figures represent a major upward revision from an earlier forecast of 10-15 percent, largely because of robust growth in the first half of the year.
For the first six months, Thai exports earned US$93.07 billion, up 36.6 percent year-on-year, prompting the Commerce Ministry to raise its official target to at least 20 percent to US$189.9 billion.
The centre forecast the growth rate for the second half would become slow to between 7.7 percent and 15.9 percent to a range of US$90.8 billion and US$97.7 billion.
Exports for the third quarter are expected to gain 17.6percent to $48.3 billion and $45.9 billion in the fourth, up 6.3%.
Observers said the baht was still moving in line with other currencies in Asean and Thailand's trading partners and competitors, so it had yet to affect the country's exports too much. He forecast the baht would average 31.6 to the dollar in the third quarter and could become as strong as 29.8 in the fourth quarter.
The baht averaged 32.8 to the dollar in the first quarter and 32.3 in the second.
Comment on this Article. Send them to firstname.lastname@example.org
Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below