Export grows 9.9% last year

The Ministry of Commerce revealed figures of export growth for last year at 9.9%, the highest in the past six years.

Pimchanok Vonkorpon, director of the Commerce Ministry’s General Trade Policy and Strategy Office, said Thai exports continue to grow steadily for the past 10  months last year with export in December growing 8.6% worth US$19,741 million, while imports also increasing 16.6% worth US$20,019 million, a trade deficit of US$278 million.

Exports for the full year in 2017 showed the highest growth in six years at 9.9% amounted to US$ 236,694 million, a trade surplus of US$ 13,930 million, she said.

The high growth was attributed to economic recovery of Thailand’s major trading countries, and satisfactory growth in Thai farming and agro-industrial products, she said.