Thailand’s exports rose more than expected in December from a year earlier, with full-2021 growth coming at 17.1%, the highest in 11 years, helped by stronger global demand and a weak baht, Commerce Minister Jurin Laksanawisit said on Friday.
In December, exports increased 24.2% from a year earlier, beating a forecast for a rise of 15.5% in a Reuters poll, and after November’s 24.7% increase.
Exports, a key driver of Thailand’s growth, are forecast to rise by 3% to 4% in 2022, as solid global demand is expected to continue, Commerce Minister Jurin Laksanawisit told a news conference.
The baht currency is likely to remain supportive and a container shortage is expected to ease, Mr Jurin said.
Thailand’s participation in the Regional Comprehensive Economic Partnership (RCEP) trade deal will also be a boost, he added.
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