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)

More red-shirt leaders join Pheu Thai ranks

Two former leaders of the now-dissolved United Front for Democracy against Dictatorship (UDD) have officially joined the Pheu Thai Party.

06:14

Koh Lan plans 'charter' for visitors

Residents of Koh Lan, a popular tourist island off Pattaya, are preparing to draft a set of rules called the "Koh Lan charter" for visitors and businesses to ensure that their way of life and the tourism industry can go hand-in-hand.

06:11

Govt to mull more stimuli for New Year

The Finance Ministry will submit to the cabinet for consideration a series of economic stimulus packages to boost consumer spending during the New Year period.

06:00