ID :
150425
Fri, 11/19/2010 - 21:00
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Shortlink :
http://m.oananews.org//node/150425
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Thai exports grow by 15.7% in October: Commerce Minister
BANGKOK, Nov 19 – Thailand’s exports rose by 15.7 per cent in October, valued at approximately US$17.13 billion year-on-year while the overall 2010 export performance has been revised to grow by 24.5 per cent, Commerce Minister Pornthiva Nakasai said on Friday.
Growth was registered across all key sectors, particularly in the agricultural and agro-industrial produce sectors which increased by 10.2 per cent.
Shipments of key industrial products, including electronic products, also were up 5.5 per cent while electrical appliances grew by 13.8 per cent and vehicles and spare parts increased 32.4 per cent.
However, the October’s exports-related performance was a decline in the growth rate due to baht appreciation and anticipated economic slowdown of key markets in the last quarter of 2010.
The exports for the first ten months of 2010 (January through October) totalled $160.3 billion in value, or a 29.2 per cent rise year-on-year.
Ms Pornthiva reported that the exports to the key markets expanded 11.1 per cent while those to the new markets were up 8.3 per cent, except only Australian markets which declined by 9.8 per cent.
In related statistics, October’s imports were valued a $14.8 billion, an increase of 13.5 per cent compared to October 2009.
The rise in imports were recorded in almost all categories, except energy products which decreased by 10.4 per cent. Imports of capital goods and raw materials grew by 14.9 per cent and 20.3 per cent respectively. The value of the imports from January through October stood at $141.8 billion, up 39.8 per cent, year-on-year.
As a result, Thailand gained a positive balance of trade for about $11.46 billion in the first ten months of this year and enjoyed trade surplus, worth around US$2.3 billion in October alone.
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Additionally, the ministry assessed overall exports prospects for the last two months of this year. Although exports were impacted by the fluctuation of currency exchange rates and the economic slowdown of some markets, Ms Pornthiva instructed agencies concerned and Department of Export Promotion to try to speed up boosting Thailand’s shipments growth in November and December.
The ministry projected that the value of exports in the last two months to reach $14.5-15.5 billion, with possible overall 2010 exports growing more than earlier forecast by not lower than 20 per cent or $183 billion in value.
Currently the ministry raised the country's 2010 exports target to 24.5 per cent growth, valued at $190 billion.
The minister added that the commerce ministry would announce measures, direction and target related to 2011 exports next week. Initially, the agency forecast that the next year’s exports would grow by at least 10 per cent. (MCOT online news)
Growth was registered across all key sectors, particularly in the agricultural and agro-industrial produce sectors which increased by 10.2 per cent.
Shipments of key industrial products, including electronic products, also were up 5.5 per cent while electrical appliances grew by 13.8 per cent and vehicles and spare parts increased 32.4 per cent.
However, the October’s exports-related performance was a decline in the growth rate due to baht appreciation and anticipated economic slowdown of key markets in the last quarter of 2010.
The exports for the first ten months of 2010 (January through October) totalled $160.3 billion in value, or a 29.2 per cent rise year-on-year.
Ms Pornthiva reported that the exports to the key markets expanded 11.1 per cent while those to the new markets were up 8.3 per cent, except only Australian markets which declined by 9.8 per cent.
In related statistics, October’s imports were valued a $14.8 billion, an increase of 13.5 per cent compared to October 2009.
The rise in imports were recorded in almost all categories, except energy products which decreased by 10.4 per cent. Imports of capital goods and raw materials grew by 14.9 per cent and 20.3 per cent respectively. The value of the imports from January through October stood at $141.8 billion, up 39.8 per cent, year-on-year.
As a result, Thailand gained a positive balance of trade for about $11.46 billion in the first ten months of this year and enjoyed trade surplus, worth around US$2.3 billion in October alone.
]
Additionally, the ministry assessed overall exports prospects for the last two months of this year. Although exports were impacted by the fluctuation of currency exchange rates and the economic slowdown of some markets, Ms Pornthiva instructed agencies concerned and Department of Export Promotion to try to speed up boosting Thailand’s shipments growth in November and December.
The ministry projected that the value of exports in the last two months to reach $14.5-15.5 billion, with possible overall 2010 exports growing more than earlier forecast by not lower than 20 per cent or $183 billion in value.
Currently the ministry raised the country's 2010 exports target to 24.5 per cent growth, valued at $190 billion.
The minister added that the commerce ministry would announce measures, direction and target related to 2011 exports next week. Initially, the agency forecast that the next year’s exports would grow by at least 10 per cent. (MCOT online news)
