Exports rise 12.2% to record high in 7 months

Thai exports in September increased 12.2% to 21.8 billion US dollars, the highest growth in nine months.

It is the growth for seven months in a row.

According to Commerce Minister Apiradi Tantraporn, she attributed the 12.2% growth to rubber, sugar, and frozen and processed poultry.

For rice, she said rice exports from January to September totaled 8.2 million tonnes, representing a 12.5% growth

She went on saying that export revenue for the first nine months of 2017 also rose to a six-year high of 170 billion dollars, or 9.3% higher from the same period last year.

She said trade promotion activities in the country and overseas, as well as an economic upswing of Thailand’s trade partners, will enable the country’s exports to grow at least 8% this year.

Imports over the first nine months expanded 14.8% to 160 billion dollars, resulting in a surplus of 12 billion dollars.

September alone showed a 9.7% increase in imports to 18.4 billion dollars, mainly capital goods and raw materials.