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183352
Fri, 05/20/2011 - 14:32
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http://m.oananews.org//node/183352
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Commerce Minister says Thai export value will grow by 15% in 2011
BANGKOK, May 20 (TNA) - Commerce Minister Porntiva Nakasai has said that the total value of Thai exports in April this year amounted to 17.5 billion US dollars, a 25 percent increase from last year, driven by the growth in the agricultural and industrial sector.
Ms Porntiva pointed that for instance, rubber exports have increased by 105 per cent, and rice exports by 45 percent. However, auto part exports have decreased by 5 per cent.
The total Thai export value during the first four months of this year also amounted to 74.5 billion US dollars, a 27 per cent increase from the same period last year. Exports to Japan have increased by 33 percent, but exports to Australia decreased by 36 per cent.
Meanwhile, the total Thai import value in April this year amounted to 18 billion US dollars, a 28 per cent increase from last year. Raw material imports have increased by 22 per cent, while fuel products went up by 49 per cent. The total import value in the first four months of this year amounted to 72.537 billion dollars, an increase of 28 percent from the same period of last year.
Overall, Thailand had a trade deficit of 796 million dollars in April, but had a trade surplus of 1.9 billion dollars during the first four months of this year.
The Commerce Ministry said it has changed its estimation of the total Thai export value in 2011 to 12-15 percent, from 12 per cent. However, a number of factors must still be monitored including the price of oil, foods and consumer products, the exchange rate, the interest rate, and the recovery of the Japanese economy following the March 11 disasters. Regarding domestic policies on price controls, the Commerce Minister said there have so far been no requests for price increases, and that the upcoming election will not affect the Ministry’s work. (TNA)
Ms Porntiva pointed that for instance, rubber exports have increased by 105 per cent, and rice exports by 45 percent. However, auto part exports have decreased by 5 per cent.
The total Thai export value during the first four months of this year also amounted to 74.5 billion US dollars, a 27 per cent increase from the same period last year. Exports to Japan have increased by 33 percent, but exports to Australia decreased by 36 per cent.
Meanwhile, the total Thai import value in April this year amounted to 18 billion US dollars, a 28 per cent increase from last year. Raw material imports have increased by 22 per cent, while fuel products went up by 49 per cent. The total import value in the first four months of this year amounted to 72.537 billion dollars, an increase of 28 percent from the same period of last year.
Overall, Thailand had a trade deficit of 796 million dollars in April, but had a trade surplus of 1.9 billion dollars during the first four months of this year.
The Commerce Ministry said it has changed its estimation of the total Thai export value in 2011 to 12-15 percent, from 12 per cent. However, a number of factors must still be monitored including the price of oil, foods and consumer products, the exchange rate, the interest rate, and the recovery of the Japanese economy following the March 11 disasters. Regarding domestic policies on price controls, the Commerce Minister said there have so far been no requests for price increases, and that the upcoming election will not affect the Ministry’s work. (TNA)
