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Wednesday, May 1, 2024

Thai Sept exports beats forecast, strong 2021 growth seen

BANGKOK : Thailand’s exports rose more than expected in September from a year earlier, helped by trade partners’ economic recovery, a weak baht and government trade promotion, the commerce minister said on Tuesday.

Exports, a key driver of Thailand’s growth, increased 17.1per cent in September from a year earlier, beating a forecast for a rise of 11.62per cent in a Reuters poll, and against August’s 8.9per cent rise.

In January-September, shipments rose 15.5per cent year-on-year and should post strong growth in 2021, Commerce Minister Jurin Laksanawisit told a news conference, following September’s easing of coronavirus restrictions that halted activity.

“Our private sector is also strong, making manufacturing recover quickly, despite the impact of COVID-19 and the lockdown,” he said, citing a high growth in imports, which will be reprocessed and shipped out again.

Imports jumped…

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