Thailand’s Rubber Exports Increase by over 50% during First Five Months of 2021

[snoop1130]

 

BANGKOK (NNT) - The Ministry of Commerce has reported that Thailand’s rubber exports shot up by over 50%, year on year, during the first five months of 2021.

 

According to the ministry, exports were valued at THB70.34 billion, an increase of 50.80% from the same period last year, when it was valued at 46.65 billion baht. Export volume increased to 1.39 million tons, from 1.17 million tons during the same period last year.

 

Meanwhile, the Thai Rubber Association’s honorary president Lakchai Kittipol revealed that the substantial growth in rubber exports was due to the low export base last year, while the economy around the world is starting to recover and many countries are placing more orders.

 

He said the price of rubber exports this year was higher than last year. Exports continue to expand, but at a lower rate, because trade partners have already bought some of the stock. Value-added exports, this year, are expected to grow at least 25%, due to improvement in the world economy as compared to last year.

 

-- © Copyright NNT 2021-07-19

 

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[RubbaJohnny]

Lubricated pros call this "Bounce" bounders and pumped amateur utter Rebounders /Lubber johhnys may  call it rebound, retired experts get Michelin ratings in a Continnetal Good Year.

 

Important features may be observed in Pirelli calendars

[Albert Zweistein]

Condoms ?

[RichardColeman]

9 hours ago, snoop1130 said:

Value-added exports, this year, are expected to grow at least 25%, due to improvement in the world economy as compared to last year.

Wouldn't count your chickens yet mate on the world economies getting better this year - they could come crashing down again in 2 months or so on the delta surge

[Burma Bill]

22 hours ago, snoop1130 said:

Thailand’s rubber exports shot up by over 50%,

Looks like the industry is bouncing back!

[RubbaJohnny]

21 hours ago, Burma Bill said:

Looks like the industry is bouncing back!

Elasticity of demand common in the knicker sphere