Exports, a key driver of Southeast Asia's second-largest economy, jumped 14.0% in February from a year earlier, above a forecast rise of 9.7% in a Reuters poll and following January's 13.6% increase.
Bangkok (VNA) - Thailand's exports rose for an eighth consecutive month in Februa🐭ry and more than expected, the commerce ministry said on March 21♈.
Exports, a key driver of Southeast Asia's second-largest economy, jumped 14.0% in February from a year earlier, above a forecast rise of 9.7% in a Reuters poll and following January's 13.6% increase.
Commerce Minister Pichai Naripthaphan told a briefing, trade and investment are flowing in and free trade negotiations will help boost exports. Exports could grow an annual 10% over the first quarter, he said.
In 2024, Thai exports rose 5.4% to a record 301 billion USD. The ministry has forecast a rise of 2% to 3% this year.
According to Poonpong Naiyanapakorn, head of the Trade Policy and Strategy Office, there was no impact from the US trade policy on Thai exports in the first two months of this year, which increased 13.8% year-on-year.
In February, exports to the US, Thailand's biggest market, rose 18.3% from a year earlier, while shipments to China increased 22.4%.
Rice export volumes dropped by an annual 33.1% in February. Thailand, the world's second-largest rice exporter after India, is expected to ship 7.5 million tons this year, down from 9.95 million tons in 2024, following India's resumption of rice exports, according to the commerce ministry./.
The goal of the discussions was to develop a seamless and more efficient rail freight network connecting Thailand, Laos and China, as well as to enhance logistical efficiency with Malaysia, he said.
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The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
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In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
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