World

Thailand’s exports surge beyond expectations

Thailand's exports beat expectations by growing 16.2 percent in February, driven by higher international demand on the back of global economic recovery and proactive trade promotions.
Thailand’s exports surge beyond expectations ảnh 1Thailand's exports beat expectations by growing 16.2 percent in February. (Photo: bangkokpost.com)
Bangkok (VNA) – Thailand's exports beat expectations by growing 16.2 percent in February, driven by higher international demand on the back of global economic recovery and proactive trade promotions.

Local media cited the Thai Commerce Ministry's report showing that customs-cleared exports fetched 23.48 billion USD in February, with imports rising by 16.8 percent to 23.35 billion USD, resulting in a trade surplus of 123.3 million USD.

For the first two months of the year, exports rose by 12.2 percent to 44.74 billion USD, with imports surging 18.7 percent to 47.14 billion USD, resulting in a trade deficit of 2.4 billion USD.

Commerce Minister Jurin Laksanawisit said impact from the Russia-Ukraine conflict on Thailand's international trade is likely to be seen clearly in March and April, which deserves close monitoring.

He said that the ministry has still maintained the export growth target at 3-4 percent this year, with key risk factors including rising oil prices from the conflict between Russia and Ukraine.

In a related development, Jurin said the ministry has called a meeting of the joint public-private committee to boost exports, notably for rice, which is now in high demand.

The ministry believes Thai rice exports may exceed the 7-million-tonne target set by the ministry for 2022, partly driven by new markets such as Saudi Arabia.

Thai rice shipments reached 1.5 million tonnes in the first two months of this year, compared with 900,000 tonnes in the same period of 2021.

According to Jurin, the Commerce Ministry also aims to sign 11 deals to form deeper partnerships through "mini-free trade agreements" (mini-FTAs) this year./.
VNA
#Thailand #Thai Commerce Ministry #Commerce Minister Jurin Laksanawisit #Vietnam #VietnamPlus #Vietnam news Thailand
Follow VietnamPlus

Related News

Thai rice exports expected to exceed 8 million tonnes

Thai rice exports expected to exceed 8 million tonnes

Thailand's rice exports are expected to exceed 8 million tonnes this year, driven by the weakness of the baht and rising demand in the global market, according to Chookiat Ophaswongse, honorary president of the Thai Rice Exporters Association (TREA).

See more

Singapore negotiates for US concessions on pharmaceuticals, chips (Photo: Reuters)

Singapore negotiates for US concessions on pharmaceuticals, chips

Singapore is subject to a 10% tariff from the US. The country has previously warned of instability in its trade-dependent economy, along with heightened risks of recession and job losses. Singapore has lowered its 2025 GDP growth forecast to between 0% and 2%, following a 0.8% quarter-on-quarter contraction in the first quarter.

Bulusan is one of 24 active volcanoes in the Philippines. (Photo: straitstimes.com)

Philippines raises alert level after Mt. Bulusan erupts

The Philippine Institute of Volcanology and Seismology (Phivolcs) raised Bulusan’s alert status from 0 to 1 on its five-level scale, signalling low-level volcanic unrest and warning of possible phreatic eruptions.

Malaysian Anti-Corruption Commission Chief Commissioner Tan Sri Azam Baki (Photo: Malaymail.com)

Malaysia’s anti-corruption commission seizes over 65 million USD

In the first quarter of this year, the Malaysian Anti-Corruption Commission (MACC) recorded the largest asset seizure value of 177 million RM involving cash and gold bars related to the investigation against former prime minister Datuk Seri Ismail Sabri Yaakob, Azam noted.

Prime Minister Datuk Seri Anwar Ibrahim greets congregants during Friday prayers at Masjid Ar-Rashid in Taman Koperasi Perpaduan, Tambun. (Photo: Bernama)

Malaysia prioritises digital, AI education

Malaysian Prime Minister Anwar Ibrahim has underscored the critical role of digital technology and artificial intelligence (AI) in shaping the nation's future, emphasising the necessity for students to acquire proficiency in these fields from an early stage.

Representatives of Thai Binh Global at the event (Photo: VNA)

Cuban recognises outstanding contribution of Vietnamese enterprises

Thai Binh Global (wholly Vietnamese-owned) and Suchel TBV joint venture have been awarded the title of national pioneer unit by the Cuban national industrial federation (SNTI) in recognition of their outstanding contributions to production, trade union activities and social responsibility.

File photo shows Mount Lewotobi Laki-Laki spewing volcanic material in East Flores, East Nusa Tenggara province, Indonesia in March 2025 (Photo: Xinhua).

Indonesia's Mt. Lewotobi erupts

The eruption sent a column of ash up to 3,500m into the sky, with thick grey-to-black clouds drifting westward and northwestward from the crater.

(Photo: https://en.antaranews.com/)

Indonesia to attend BRICS Foreign Ministers’ Meeting

According to the Indonesian Ministry of Foreign Affairs, the upcoming meeting will spotlight a range of global and regional issues, particularly politics and security, global governance reform, and the role of developing countries (the Global South) in promoting multilateralism.