Illustrative image (Source: AFP/VNA)
 

 Bangkok (VNA) – Thailand’s export turnover increased almost 8.5 percent to 539.84 billion TBH (equivalent to 16.88 billion USD) in April, making two consecutive months of growth.

In March, the country’s export earnings rose 9.22 percent to 20.89 billion USD.

The growth was driven by rising prices of natural rubber, along with increasing demand for electronic products and food. In addition, orders for Thai goods in Europe and the US markets also increased to meet demand during the summer.

As a result, experts forecast that the country’s exports will grow at 5 percent in the second quarter, but will slow down in the third quarter and bounce back in the final quarter.

Some factors may affect Thailand’s exports are the US’ new policies and politics as well as the UK’s decision to leave the European Union, known as Brexit.

The Thai Ministry of Commerce aims for 5 percent export growth this year. Meanwhile the National Economic and Social Development Board projected export growth for this year at 3.6 percent, up from 2.9 percent in an earlier forecast. – VNA