Exports rebound, up 2.43% in Feb

Thailand’s exports in February rose 2.43% year-on-year to US$18.36 billion, supported by growth in the shipment of industrial goods, the Commerce Ministry said on Wednesday.

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Exports were also up on January, when the value fell by 1.98% y-o-y to  $17.9 billion, permanent secretary Srirat Rastapana said.

Imports in February totalled $16.596 billion, down 16.62%, for a trade surplus of $1.767 billion for the month. 

Exports of industrial goods rose by 6.8% in February,  but shipments of agricultural products dropped by 5.7%.

For the first two months of 2014, Thailand’s exports totalled $36.2 billion,  0.20% higher than the same period of 2013. Imports during the period totalled $37 billion, down 16% year-on-year.

Ms Srirat said the ministry still maintains its export target for 2014 at 5% growth on  the assumption that the global economy would expand 3.7% and an exchange rate of 31.50 baht for the US dollar.

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