Thailand’s February exports decrease in value
Thailand’s exports in February declined by 2.76 percent year- on-year for the first time to 18.47 billion USD, according to the Ministry of Commerce.
Illustrative image (Source: Bangkok Post)However, exports value would increase by at least 3 percent this year, said Pimchanok Vonkorpon, Director-General of the Trade Policy and Strategy Office.
The prospects for strong export growth are supported by rising imports of raw materials and manufacturing commodities of major economies, the official added.
In addition, as the US Federal Reserve has just raised its policy interest rate, the baht is likely to weaken, which would benefit the Thai export sector.
In February, imports increased by 20.36 percent to reach 6.85 billion USD. In the first two months, import value expanded by 12.39 percent to 33.13 billion USD due to rising price of raw materials and capital goods.-VNA
You should also see
Noi Bai, Da Nang named in world’s top 100 airports
Hanoi capital’s Noi Bai International Airport and the Da Nang International Airport in the central city of the same name have been listed among the world’s top 100 airports in 2024 by the UK–based aviation consultancy Skytrax.
See more
World
Vietnam to have many opportunities from digitalisation, green transformation: IMF
The International Monetary Fund (IMF) has forecasted that Vietnam will have many opportunities from digitalisation and green transformation, according to IMF Asia and Pacific Department Director Krishna Srinivasan.
World
Thailand’s EV sales forecast to miss target
Electric vehicle (EV) sales in Thailand may fail to reach the estimate of 130,000 units this year as prices are likely to keep changing, according to Hyundai Mobility Thailand.
World
Thailand, EU hope to sign FTA in mid-2025
Before the Songkran holiday, senior officials from Thailand and the European Union (EU) met in Bangkok to discuss ways to promote their relationship, including the framework of the Free Trade Agreement (FTA), green transformation, and Schengen visa waiver, Thai media has reported.
World
India’s trade deficit with ASEAN widens
India's trade deficit with the Association of Southeast Asian Nations (ASEAN) has more than doubled since the implementation of the ASEAN-India Trade in Goods Agreement (AITIGA) in 2010.
World
Malaysia to cut down on petrol subsidies this year
Malaysian Economy Minister Rafizi Ramli has announced that the country will reduce petrol subsidies this year to reduce its fiscal deficit.
