Last month, Thailand’s exports surged at an unexpectedly high rate, jumping by 19.5% when compared to the same time last year. A Reuters poll conducted in March had predicted the country’s exports would only rise by 2.4%. According to the Thai customs department data, 2 major products contributing to the export jump were gold, and electronics.
Gold exports in March were 11 times higher than last year, while shipments of hard disk drives rose 68% year-on-year. Passenger car exports increased 14%. The commerce ministry is planning to hold a briefing on the March trade data early next week.
Another product in Thailand, mango, also saw a surge in exports earlier this year. In the first 2 months of 2022, Thailand’s mango exports increased by $US11 million, up 15% compared to the same time last year. Last year, Thailand exported $93 million, or 3.1 billion baht worth of fresh…
