Thai exports miss 5% increase target

Thailand's export value was US$229.52 billion in 2012, an increase of 3.12% from the previous year, Srirat Rastapana, director general of the Exports Promotion Department at the Ministry of Commerce, said on Wednesday.

The exports were short of the set target of 5% due to the impact of the global financial crisis and economic slowdown, she said.

The import value for last year was up 8.22% from 2011 to US$247.59 billion, posting a total trade deficit of US$18.07 billion, she added.

Mrs Srirat said the export value for Dec 2012 was US$18.11 billion, up 13.45% on Dec, 2011, while the import value stood at US$20.47 billion, resulting in a trade deficit of US$2.36 billion.

Related search: Thailand, exports, Ministry of Commerce

About the author

Writer: Online Reporters
Position: Online Reporters