BANGKOK: Thailand’s exports in January rose for a second straight month, climbing 0.35% from a year earlier, and should continue to grow this year as the global economy recovers, the commerce ministry said.
Exports, a key driver of Thai growth, are expected to rise 4% this year after a 6.01% contraction in 2020, ministry official Phusit Ratanakul Sereroengrit told a briefing.
Supporting factors include stimulus measures in several countries and vaccine distribution, he said, adding that shipment growth could reach double digits in the June quarter.
“Exports could grow by 3%-5% in the first half and by 3%-4% in the latter half, ” he said.
January’s exports, however, were short of the 1.85% rise forecast in a Reuters poll and slower than the 4.71% increase in December.
While shipments of cars and car parts, computers and rubber products increased last month, gold exports slumped 90.3% due to volatile gold prices.
Excluding gold, exports would have risen 6.27%, the ministry said.
Demand from key markets was mostly higher in January, with exports to the United States up 12.4% year-on-year, to China up 9.9% and to Japan up 7.4%. — Reuters