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)

FTX missing billions remain a mystery

Mystery continues to shroud the missing billions at the bankrupt crypto exchange FTX after its disgraced founder Sam Bankman-Fried denied trying to perpetrate a fraud while admitting to grievous managerial errors.

1 Dec 2022

CJ Express weighs B18-billion IPO

CJ Express Group Co, the retail chain founded by the energy drink tycoon Sathien Setthasit, is considering an initial public offering to raise at least 18 billion baht, according to people familiar with the matter.

1 Dec 2022

UK royals show ruthlessness in race row

LONDON: The timing could not have been worse for Britain's royal family, not long after one racial reckoning involving Prince Harry and ahead of a new publicity blitz from the maverick "spare heir".

1 Dec 2022