Thai exports value to grow by 18%

21-06-2010 | |

The dollar value of Thailand’s exports has risen by 31.61% year-on-year in the first quarter of 2010 to $44.38 billion, reports commerce minister Porntiva Nakasai.

The minister added that the current upward trend is expected to maintain its upward momentum in the second quarter by 35%, with exports targeted to grow by 14% to $173 bln.

Ajva Taulananda, Charoen Pokphand Group’s vice chairman, says that despite the recent domestic political unrest and the European debt crisis, purchase orders for Thai goods from the US, Japan and the EU are expanding and would grow by 10% this year.

While other markets, particularly China and India are also expanding, in shipments of farm products and industrial goods, he says, which would see the expansion of CP Group’s revenue expanding to about 600 bln baht this year.

More about