BANGKOK, March 21 (Xinhua) -- Thailand's exports continued to expand for the eighth straight month in February, driven by growth in the global manufacturing sector, particularly electronics production, official data showed on Friday.
Exports, a key driver of the Southeast Asian country's economic growth, rose 14 percent year-on-year last month to 26.7 billion U.S. dollars, picking up from a 13.6 percent surge in January and marking the fastest pace since last October, according to the Ministry of Commerce.
The positive trajectory came amid easing inflationary pressures and persistently low interest rates in many countries, along with government-led economic stimulus measures by trading partners, which played a crucial role in boosting consumer demand worldwide, the ministry said in a statement.
Exports of agro-industrial goods grew 9.9 percent, while agricultural products contracted 1.6 percent due to a plunge in rice shipments.
Industrial product shipments surged 17.2 percent, thanks to major increases in gems and jewelry, computers, as well as air conditioners and component products.
The data also showed that imports rose 4 percent year-on-year to 24.71 billion dollars in February, resulting in a trade surplus of 1.98 billion dollars.
For the first two months of 2025, exports climbed 13.8 percent to 51.98 billion dollars, while imports picked up 6 percent to 51.87 billion dollars, yielding a trade surplus of 108 million dollars.
The ministry maintained its forecast for export growth of 2 percent to 3 percent this year. Enditem
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