June exports up 11.7%, beat forecast

June exports up 11.7%, beat forecast

Exports rose for a fourth straight month in June, beating expectations, due to stronger demand from major markets, suggesting the economy was gaining momentum.

Customs-cleared shipments rose 11.7% in June from a year earlier after May's 12.7% rise, commerce ministry data showed on Thursday. A Reuters poll expected an annual rise of 7.85% in May.

Exports of computers and parts rose 18.9% in June from a year earlier, while shipments of cars, car parts and accessories declined 2.5%.

In January-June, exports rose 7.8% from a year earlier, Pimchanok Vonkhorporn, an official at the Commerce Ministry, said at a briefing.

Exports, worth about two-thirds of the economic output, are just recovering after years of weakness. The ministry has forecast exports will rise 5% this year after a 0.5% gain last year, the first annual growth in four years.

Imports in June increased 13.7% from a year earlier, compared with the forecast of an 11.2% increase.

A trade surplus of $1.92 billion was seen in June, compared with a poll forecast of a $1.3-billion surplus.

Many of the materials Thailand imports are assembled into completed goods and shipped out again.

Do you like the content of this article?

Anger and murder

The father of the gunman who killed a convenience-store employee and a Covid-19 patient says his son has pent-up anger dated back to his army service.


No respite

Health personnel may be drafted from the provinces and new medical graduates assigned to help care for the rapidly growing number of Covid-19 patients in the Bangkok area.


Philippines leaves key rate steady

The Philippines’ central bank held its key interest rate steady for a fifth straight meeting to help support an economic recovery it described as “tentative”.