Thai exports up 4.3% in July but govt warns of downturn in 2nd half

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https://www.nationthailand.com/business/econ/40019395

Thai exports in July rose 4.3 per cent from last year to US$23.629 billion, the Commerce Ministry reported on Friday.

Thai exports up 4.3% in July but govt warns of downturn in 2nd half

The value of exports excluding products related to oil, fuel and weaponry grew 4.1 per cent to $20.306 billion.

Meanwhile, trade value in the first seven months rose 11.5 per cent from the same period last year to $172.814 billion.

Trade excluding oil, fuel and weaponry grew 8.3 per cent to $147.451 billion.

Commerce Minister Jurin Laksanawisit credited the rise to increasing demand for food, easing of Covid-19 lockdown measures, falling freight costs, and the weakening baht.

However, the ministry said the value of Thai exports is likely to fall in the second half amid a slowdown in economies of trading partners and the global inflation crisis.

The semiconductor shortage also hit trade values in July.

Published : August 26, 2022

By : THE NATION

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