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23 May 2018, Waratthapoom Buarapha, EMIS Editor

Thailand’s exports up for 14th straight month as a result of stronger shipments

Thailand’s custom-cleared exports surged by 12.3% year-on-year to US$18.94 billion in April 2018, marking the 14th consecutive month of expansions. The growth was led by stronger shipments of agricultural and agro-industrial products, automobiles, plastic pellets, computer parts and rubber, the Bangkok Post has reported referring to data from the Commerce Ministry.

On the other hand, data showed the value of imports has expanded to $20.22 billion in April, a 20.4% increase compared to the same period last year. As a result, Thailand has posted a trade deficit of $1.28 billion last month, the Bangkok Post noted.

Despite the trade deficit, the ministry has kept its export growth forecast at 8% for this year due to the recovery of the world economy and the rise in global oil prices.

Sign in and read the full article in emis.com Original source: The Bangkok Post