Thailand’s export figures for May this year rose to record high in a period of the past 52 months, prompting commerce officials to predict over 10% growth in export value for the whole year.
Ms Phimchanok Worn-Khorporn, the director of the Office of Policy and Strategic Trade with the Ministry of Commerce, revealed that exports for May of this year amounted to US$19.944 billion which represents a 13.2% growth.
She said the export figure is the highest in a period of 52 months.
Meanwhile imports on the other hand also grew by 18.2% amounting to US$19 billion contributing to a surplus of US$944 million for the country.
This has helped exports figures for the first five months of this year to grow by 7.2% valued at US$93.265 billion.
This represents a six year high for Thailand.
She went on saying that improvements in exports were attributable to the improved global economic situation.
More importantly, the improvements are for all of Thailand’s major markets making it possible for the ministry to stick to their earlier 5% export growth projections.
She however warned that the situation is still dependent on several critical factors such as the value of the Baht, global oil prices and the overall global economic condition.
Source: Thai Public Broadcasting Service (Thai PBS)