Wednesday, June 20, 2007

Thailand's May export growth at historic level

Thailand registered a historic export growth rate of 20.9 per cent in May, with the export value of US$13.05 billion, said Commerce Minister Krirk-Krai Jirapaet.

"Though the value is lower than in March, the growth rate is the highest ever in May," he told the conference on Wednesday.

Thailand's five-month export value totalled $58.74 billion, rising 18.8 per cent year on year. Against the imports of $53.42 billion which rose 4.4 per cent year on year, Thailand's trade surplus in the period was $5.32 billion.

"We experienced an export growth in every market, except in May where the US market dropped 0.7 per cent. We also found that the strong baht had slight impact on the export, unlike in late last year," the minister said.

Source: The Nation

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