ID :
197138
Tue, 07/26/2011 - 06:27
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http://m.oananews.org//node/197138
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UNESCAP: Thailand's export, import growth become balance in 2011
BANGKOK, July 26 (TNA) - The United Nations Economic and Social Commission for Asia and the Pacific (UN-ESCAP) has assessed that Thailand's export and import growth will likely become balance at some 10 per cent this year.
The UN-ESCAP said in its updated report on trade and investment in Asia and the Pacific, published on July 25, that the balanced growth of Thai exports and imports in 2011 came after their expansions of some 14 and 21 per cent respectively last year in line with recovering trend in the region, led by the immense Chinese economy, and that Thailand's overall trade stood at 12.9 billion US dollars last year with its total export accounting for 57 per cent of the country's gross domestic product (GDP).
The UN-ESCAP report indicated that, affected by economic problems in the United States and Europe, the Asian-Pacific countries, including Thailand, have adjusted themselves to focus on intra-regional trade, resulting in their fast economic recovery.
Thailand alone, according to the UN-ESCAP report, shipped its products to the Asian-Pacific markets up to 62 per cent of its total export last year; while importing as high as 64 per cent of its total imports, both hitting some double growth.
The UN-ESCAP acknowledged that Thailand has maintained its second rank among leading trade economies in Southeast Asia, securing 17 per cent and 20 per cent of overall merchandise and service trade in the region respectively, and its 8th rank in merchandise trade and the 9th rank in service trade among Asian-Pacific economies. The UN-ESCAP suggested that the Thai government curb oil prices sold on the domestic market to sustain the continual growth of the Thai economy. (TNA)
The UN-ESCAP said in its updated report on trade and investment in Asia and the Pacific, published on July 25, that the balanced growth of Thai exports and imports in 2011 came after their expansions of some 14 and 21 per cent respectively last year in line with recovering trend in the region, led by the immense Chinese economy, and that Thailand's overall trade stood at 12.9 billion US dollars last year with its total export accounting for 57 per cent of the country's gross domestic product (GDP).
The UN-ESCAP report indicated that, affected by economic problems in the United States and Europe, the Asian-Pacific countries, including Thailand, have adjusted themselves to focus on intra-regional trade, resulting in their fast economic recovery.
Thailand alone, according to the UN-ESCAP report, shipped its products to the Asian-Pacific markets up to 62 per cent of its total export last year; while importing as high as 64 per cent of its total imports, both hitting some double growth.
The UN-ESCAP acknowledged that Thailand has maintained its second rank among leading trade economies in Southeast Asia, securing 17 per cent and 20 per cent of overall merchandise and service trade in the region respectively, and its 8th rank in merchandise trade and the 9th rank in service trade among Asian-Pacific economies. The UN-ESCAP suggested that the Thai government curb oil prices sold on the domestic market to sustain the continual growth of the Thai economy. (TNA)
