The Hindu Business Line : Thailand exports surge 26% in December

BANGKOK: Thailand’s exports in December 2009 surged by 26.1 per cent, the highest level of the year, with a value of $14.63 billion, the Commerce Minister, Ms Porntiva Nakasai, announced.

Exports for the whole year totalled $152.5 billion, down only 14.2 per cent from that of the previous year.

She said that key exports turned to increase in all categories, particularly farm and agro-industry products such as rice, natural rubber, cassava, sugar, and foods which surged by 42.1 per cent year-on-year.

Exports of industrial products such as electrical appliances, vehicles, and electronics rose 18.6 per cent. Exports to key destinations soared for the second month by 20.9 per cent and those to new destinations such as China, Australia, Hong Kong, Indoch ina, Myanmar, India, and Taiwan rose 31.5 per cent.

Ms Porntiva attributed last year’s fourth quarter export surge to higher demand upon economic and trade recovery of major export destinations.

In addition, importers began to buy more products, particularly in the farm and industrial sectors, to add to their stock on the eve of the Christmas and New Year holidays. — Agencies

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