Display mode (Doesn't show in master page preview)

25 May 2021

Trading

Thai exports in April see robust growth, boosted by global economic recovery; 7.0% growth expected for full-year 2021 (Business Brief No.3932)

คะแนนเฉลี่ย
  • ​Thai exports for April 2021 enjoyed robust growth of 13.09 percent YoY, their highest level in three years and surpassing the market forecast. Exports, excluding oil-related products, gold, weaponry and military supplies, climbed 25.7 percent YoY – which is consistent with the strong growth of exports across the region due to the gradual recovery in economic activity worldwide.
  • The COVID-19 situation in countries like the United States and those in Europe is improving in line with rapid vaccination programs, allowing for faster economic recovery. This served as a key factor supporting Thailand's export growth in April 2021. Exports to 15 European Union countries continued to expand for the third consecutive month. Looking towards Asia, the third wave of COVID-19 is affecting regional economies, especially emerging markets, as reflected in the exports to five ASEAN countries which shrank 4.4 percent YoY. On the other hand, shipments to the CLMV nations grew 44.3 percent YoY, from 2.0 percent YoY in March 2021. Looking at destination countries, India has experienced increasingly severe COVID-19 situation. Even so, Thai exports to India rose exponentially – by 193 percent YoY from 28.3 percent YoY – in March 2021 .
  • Going forward, Thai exports will likely see a positive growth trend as economies worldwide recover from the COVID-19 pandemic, thanks to the increased rate of vaccinations in many countries. Nevertheless, Thai exports are still beset by numerous risks, and KResearch will continue to monitor the situation closely. For the time being, Thai exports for full-year 2021 are projected to expand by 7.0 percent YoY.


Trading