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Exports enjoys 11.7% sustained growth in June

Exports for June enjoyed sustained growth expanding by 11.7%, according to the Ministry of Commerce.

Pimchanok Vonkorpon, director-general of Trade Policy and Strategy Office (TPSO), said on July 20 that exports for June rose by 11.7% which amounts to US$ 20.282 billion.

She said the satisfactory growth is a direct consequence of the improving global economic situation and the sustained expansion of exports for the majority of products from Thailand as well as increased demand from its major trading partners.

Overall, it said this means that for the past six month period, the country's exports grew by 7.8% contributing to balance of trade surplus of US$6.971 billion.

Correspondingly, the TPSO is confident that this year's exports will be able to meet the 5% growth target, she noted.

Ms Pimchanok warned, however, that important factors such as uncertainty over trade restrictions and exchange rate volatility could still result in the export sector failing to meet that target.

Source: Thai Public Broadcasting Service (Thai PBS)