Thai exports began to recover

Published 2021년 2월 23일

Tridge summary

Thailand's exports in January 2021 saw a slight increase of 0.35% from the previous year, totaling $19,706.57 million, while imports decreased by 5.24% to $19,908.96 million, leading to a trade balance deficit of $202.39 million. The growth in exports was primarily driven by a 3.7% increase in agricultural and agro-industrial products, with palm oil and cassava experiencing significant growth. Industrial products exports also saw a slight increase of 0.9%. The Office of Trade Policy and Strategy anticipates a 4% growth in exports in 2021, with the first half expected to grow by 3-5% and the second half by 3-4%, in line with the global economic recovery and increasing demand for industrial products.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Mr. Phusit Ratanakul Sereengrit Director-General of the Office of Trade Policy and Strategy (OTP), Ministry of Commerce, said that Thai exports in January In 2021, it was valued at 19,706.57 million US dollars, growing 0.35% compared to the same month last year, the second consecutive month of expansion, imports valued at 19,908.96 million US dollars, contracted 5.24%. Trade balance deficit of 202.39 million US dollars. The positive factor is the improved global economic recovery. And economic stimulus measures in many countries that are going on continuously Including the effectiveness of the antiviral vaccine-19 Began to see results clearly. And wide distribution of vaccines This resulted in a rapid return of demand and confidence. As a result, exports expanded in January due to Export of agricultural products and agro-industry Expanded 3.7% from the previous year, expanding for 2 months in a row Products with good growth include palm oil growing 345.1%, expanding for 2 months ...

Source: Ththansettakij