Thai exports remain robust, with their performance hitting a 30-year record high in March, leading the country’s outbound shipments to grow by 14.9% year-on-year in the first quarter of 2022.
The Commerce Ministry on Tuesday reported that the customs-cleared value of Thai exports in March 2022 grew by 19.5% from the same month of last year to US$28.8 billion (922 billion baht), the highest level attained since records began in 1991, with imports increasing by 18% to $27.4 billion resulting in a trade surplus of $1.45 billion.
In the first quarter of the year, Thai exports expanded by 14.9% to $73.6 billion, while imports rose by 18.4% to $74.5 billion, resulting in a trade deficit of $944 million.
Exports from the real sector (excluding gold, oil-related products and weaponry) continued to expand for thirteen consecutive months by 8.9%.
Products that recorded…
