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  1. #1
    Thailand Expat misskit's Avatar
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    Thai export growth in first half of 2018 breaks 7-year record

    BANGKOK, 20th July 2018 (NNT) The Ministry of Commerce has reported that export growth skyrocketed during the first half of this year despite trade conflicts in the global arena.

    According to the Trade Policy and Strategy Office (TPSO) of the Commerce Ministry, Thai export value in June reached 21.78 billion US dollars, an increase of 8.19 percent on the same period last year. It was the 16th consecutive month of expansion supported by the global economic recovery.

    Exports to major markets continued to enjoy steady growth, especially to the United States, which saw the total value of Thai products hitting 2.5 billion dollars, the highest ever recorded. As a result, exports in the first half of the year posted a seven-year high increase of 10.95 percent to a value of 125.81 billion dollars.

    TPSO Director-General Pimchanok Vonkorpon projected that the growth momentum in Thai exports will continue through the latter half of this year due to positive economic prospects in most parts of the world. Nevertheless, she cautioned exporters to brace themselves for the impact of the trade war between the US and China and to consider diversifying their markets to reduce risks.

    As for June imports, the total value stood at 20.2 billion dollars, up 10.8 percent year-on-year, following increased purchases of fuel and raw materials. However, Thailand still enjoyed a trade surplus of 1.58 billion dollars for the month.

    National News Bureau Of Thailand | Thai export growth in first half of 2018 breaks 7-year record

  2. #2
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    Wife works for a steel fabrication company that makes big parts for the oil and gas business. Last year layed off people this year the growth has been explosive. She hired all the staff back she had let go in the previous 3 years. Expensive people, welders, engineers, tech inspectors and so on.

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