Q1 exports hit 4-year high of 56.4 bil USD

 

BANGKOK, 25 April 2017 (NNT) - First quarter exports have hit a four-year high, due to economic recovery in the country’s trading partners as well as efforts to broaden Thailand’s export markets. 

Director of the Trade Policy and Strategy Office Pimchanok Vonkorpon revealed that March exports were valued at 20.9 billion US dollars (714.9 billion baht), an increase of 9.2% from the same period last year. Exports in the first quarter of 2017 reached a total of 56.5 billion dollars, an increase of 4.9% from the same period last year and the highest in four years. 

Pimchanok attributed Thailand’s improving export sector to global economic recovery and the government’s policy of diversifying export markets. 

The Kingdom’s biggest trading partner for the three-month period was China, whose Thai imports rose by 47.6% to a five-year high. India was the second largest trading partner and increased Thai imports by 14.9% to a record high. 

Thailand’s imports in March rose 19.3% from the same period last year to 19.3 billion dollars. According to the Trade Policy and Strategy Office, the figure reflected the country’s improving investment climate. The month recorded a trade surplus of 1.6 billion dollars.

 

-- nnt 2017-04-25

12 hours ago, webfact said:

government’s policy of diversifying export markets

"The figure came in better than market expectations of a 1.9 percent rise, driven by rubber and computers."

http://www.tradingeconomics.com/thailand/exports

Fairly standard exports for Thailand.