ID :
138454
Fri, 08/20/2010 - 08:46
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http://m.oananews.org//node/138454
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Commerce minister optimistic about export growth
BANGKOK, Aug 20 – Commerce Minister Porntiva Nakasai on Thursday voiced confidence that Thailand’s exports would grow more than 20 per cent this year as projected earlier.
She revealed exports in July totaled US$15.57 billion, up 20.6 per cent from the same month the year before. Key export products increased in all categories.
In particular, farm products or agro-industry products surged 12.7 per cent.
However, exports of rice dropped by 19.9 per cent in volume and 25.1 per cent in value because it had problems in price competition with Vietnam, Pakistan, and India thanks to the stronger baht.
At present, she said, Vietnamese rice prices had increased since the rice supply had decreased while Thai rice maintained its position of quality in the market. So, she was confident the price competition would gradually ease.
Key industrial products that increased more than 20 per cent include electrical appliances, vehicles, plastic pellets and products, and rubber products.
Exports in the first seven months of this year totaled $108.63 billion in value, up 34.1 per cent from the corresponding period last year.
Exports to key destinations rose for the ninth consecutive month by 22.3 per cent and those to new destinations increased for 11 months in a row while those to the African market dropped by 0.2 per cent.
Mrs Porntiva said imports in July totaled $16.51 billion in value, a surge of 36.1 per cent from the same month the year before.
Imports of fuel products, capital goods, and raw materials increased by 6 per cent, 29.2 per cent and 53.9 per cent respectively.
Imports in the first seven months of this year totaled $103.19 billion in value, up 48.9 per cent from the same period in the previous year. It resulted in a trade deficit of $940 million in July and a trade surplus of $5.44 billion in the first seven months of the year.
Although imports were greater than exports during the month, she said, it should not be seen as unusual or inappropriate because they involved the import of capital goods for production for export.
So, she was confident the exports for the whole year would increase by 20 per cent to $184 billion in value as the minister projected earlier.
Unless the currency exchange rate and the global economy are very volatile, she believed, the exports for this year would surpass the target set by the ministry. (MCOT online news)
She revealed exports in July totaled US$15.57 billion, up 20.6 per cent from the same month the year before. Key export products increased in all categories.
In particular, farm products or agro-industry products surged 12.7 per cent.
However, exports of rice dropped by 19.9 per cent in volume and 25.1 per cent in value because it had problems in price competition with Vietnam, Pakistan, and India thanks to the stronger baht.
At present, she said, Vietnamese rice prices had increased since the rice supply had decreased while Thai rice maintained its position of quality in the market. So, she was confident the price competition would gradually ease.
Key industrial products that increased more than 20 per cent include electrical appliances, vehicles, plastic pellets and products, and rubber products.
Exports in the first seven months of this year totaled $108.63 billion in value, up 34.1 per cent from the corresponding period last year.
Exports to key destinations rose for the ninth consecutive month by 22.3 per cent and those to new destinations increased for 11 months in a row while those to the African market dropped by 0.2 per cent.
Mrs Porntiva said imports in July totaled $16.51 billion in value, a surge of 36.1 per cent from the same month the year before.
Imports of fuel products, capital goods, and raw materials increased by 6 per cent, 29.2 per cent and 53.9 per cent respectively.
Imports in the first seven months of this year totaled $103.19 billion in value, up 48.9 per cent from the same period in the previous year. It resulted in a trade deficit of $940 million in July and a trade surplus of $5.44 billion in the first seven months of the year.
Although imports were greater than exports during the month, she said, it should not be seen as unusual or inappropriate because they involved the import of capital goods for production for export.
So, she was confident the exports for the whole year would increase by 20 per cent to $184 billion in value as the minister projected earlier.
Unless the currency exchange rate and the global economy are very volatile, she believed, the exports for this year would surpass the target set by the ministry. (MCOT online news)
