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Pattaya Daily News

19 January 2011 :: 11:01:14 am 49079

Thai economic heath continues strong; exports grow by 18.8% in December

BANGKOK, Jan 19 – Commerce Minister Pornthiva Nakasai on Tuesday revealed Thailand’s exports in December 2010 totaled US$17.37 billion in value, up 18.8 per cent from the same month the year before, bringing the exports for the whole year up by 28.1 per cent to $195.31 billion.
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She attributed the sound export growth to an increase in shipments of almost all kinds of agricultural and industrial products thanks to the improvement of economies in the United States and Asia.

She said imports in December totaled $16.08 billion, up 11.5 per cent, raising imports for the whole year by 36.5 per cent to $182.41 billion.

The imports rose in almost all categories of products, particularly raw materials, capital goods, consumer products, and fuel.

It resulted in the country enjoying a trade surplus of $1.29 billion in December and $12.91 billion for the entire year of 2010.

Mrs Pornthiva said the ministry expected that exports for this year would grow by 10 per cent despite risk factors from the global economic slowdown, the stronger baht, the capital movement, and higher fuel prices.

With the increased demand for Thai products in the world market, successful efforts to penetrate new markets and maintain existing ones, and public and private cooperation to boost exports of all categories of products, the ministry believed that export growth for 2011 would be reached as targeted.

She said the ministry would make an effort to control inflation to ensure it stays at no more than 3.2-3.7 per cent.

Report by : MCOT online news

Photo : Internet   Category : Business News

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