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  1. #1
    Thailand Expat misskit's Avatar
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    Thailand"s Exports in June Grow at Highest Rate for 11 Years

    BANGKOK (NNT) - The Commerce Ministry reports that exports in June grew at the highest rate for 11 years, as global demand increased, and that this trend is expected to continue.


    Commerce Minister Jurin Laksanavisit said exports rose by a stronger than expected 43.82% in June, compared to a year earlier, beating the forecast rise of 39% in a Reuters poll, and against May’s 41.6% increase.


    He said exports will continue to drive the economy in the second half of the year, but there may be obstacles that need to be tackled by the public and private sectors, citing factory closures and labor shortages, caused by the outbreak, as being among the negative factors.


    Mr Jurin added that the Commerce Ministry will seek government support, including more vaccinations, for the manufacturing sector, to maintain export orders and to meet global demand. Exports have been the only bright spot as the Thai economy struggles with its worst coronavirus outbreak to date and the collapse of tourism.


    National News Bureau Of Thailand

  2. #2
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    Buckaroo Banzai's Avatar
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    The strong dollar compared to the Baht has certainly helped
    but one needs to be careful with how statistics are framed, before one starts celebrating,
    If one is to compare exports to covid depressed last year, then indeed it has grown at the highest rate in 11 years,
    When you are in the basement you have no way to go but up, but you are still a long way from the penthouse.
    The sooner you fall behind, the more time you have to catch up.

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