Thailand's June outward trade resumed growth for the first time in four months to USD19.84 billion, up 3.9 percent YoY, versus a contraction of 2.1 percent YoY reported for May. Agricultural and agro-processing exports expanded 3.5 percent YoY, led by rice and cassava products. However, rubber and sugar shipments continued to contract.
Industrial exports rebounded to 3.5 percent growth YoY, thanks to gradual recoveries seen in auto/auto-part/component and electrical appliance exports. Shipments of jewelry, gold, plastic pellets/products exhibited steady growth. Meanwhile, June imports shrank unexpectedly to 14.0 percent YoY, representing a contraction for the eleventh consecutive month. However, several import categories began to pick up, including mechanical machinery/parts and electric machinery/parts, etc.
Although the resumption of export growth suggests favorable prospects for our outward trade ahead, we at KResearch have assessed that positive developments in the global economy will still have only limited benefit to Thai exports. As a result, we are maintaining our export growth projection for 2014 at 3.0 percent YoY, or within a range of 2.0-4.0 percent, pending more stable economic recovery seen in China, being our key trade partner, that could help underpin economic growth significantly within Asia. In addition, close attention should also be paid to Baht's movements and trade partners' responses toward our handling of foreign workers.
Enter the code from the poll
Annotation
This research paper is published for general public. It is made up of various sources. Trustworthy, but the company can not authenticate. reliability The information may be changed at any time without prior notice. Data users need to be careful about the use of information. The Company will not be liable to any user or person for any damages arising from such use. The information in this report does not constitute an offer. Or advice on business decisions Anyhow.