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?
COMMENT (1)

Vietnam's major cities eye tightening Covid curbs as cases keep rising

HANOI: Vietnam's major cities may extend or tighten restrictions on movement to contain the spread of Covid-19 as new daily cases have surpassed 6,000 for seven consecutive days, authorities said on Wednesday.

21:38

Covid express to continue, despite low ridership

The State Railway of Thailand (SRT) will continue to provide special trains for Covid-19 patients returning home, despite the small number of passengers to date.

18:43

Could display drones snuff out fireworks?

FROME, England: Concerns about pollution and the environment could see drone displays, such as the one featured in the Tokyo Olympics opening ceremony, replace fireworks as the light show of choice in the night sky.

18:35