April exports up 13.1% y/y

April exports up 13.1% y/y

Thailand's exports jumped a more than expected 13.09% in April from a year earlier, the fastest pace in three years, as global demand increased, the commerce ministry said on Tuesday.

That compares with a forecast for an increase of 9.6% in a Reuters poll and a rise of 8.47% in March.

April's exports, a key driver of growth, were led by higher shipments of cars and auto parts, rubber, computers and oil, ministry official Phusit Ratanakul Sereroengrit told a briefing.

"Exports expanded sharply in most key markets," he said, adding the rollout of vaccines in several countries had supported a global economic recovery.

Exports to China, Thailand's top market in April, jumped 21.9% from a year earlier, while those to the United States rose 9% and ones to the European Union soared 52.5%.

Earlier, Commerce Minister Jurin Laksanawisit said exports would keep improving.

Imports in April rose 29.79% from a year earlier, beating a forecast 25.1% increase, resulting in a trade surplus of $182 million in the month.

In the January-April period, exports increased 4.78% from a year earlier while imports rose 13.85%, giving a trade surplus of $698 million.




Do you like the content of this article?
COMMENT (9)

Cabinet approves transaction tax on securities trades

The cabinet on Tuesday approved a financial transaction tax on securities trades on the Stock Exchange of Thailand (SET), ending a three-decade waiver, Deputy Finance Minister Santi Promphat said on Tuesday.

13:52

Lights go out on Hungary stadiums, theatres as energy crisis bites

SZéKESFEHéRVáR, Hungary: Rocketing energy bills are forcing Hungary to shutter libraries, theatres, swimming pools and even its new football stadiums for winter.

13:45

Biden monitoring China Covid unrest as US rallies pop up

WASHINGTON: US President Joe Biden is monitoring unrest in China by protesters demanding an end to Covid lockdowns and greater political freedoms, the White House said Monday, as rallies popped up in solidarity around the United States.

13:45