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Trade
21 Oct 06 22:03
Thai exports hit record high in September
TNA
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Kim Falcon Ravn, Denmark
Managing Director

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BANGKOK, Oct 21 -Thailand's exports in September hit a record high of US$12 billion, bringing the export value of the kingdom in the first nine months this year to the US$95 billion mark.

According to Permanent Secretary for Commerce Karun Kittisataporn, the export figure in September represented a 16.4 per cent increase over the same month last year.

The export performance in September alone has also earned Thailand US$1.5 billion in trade surplus. This helped to ease concern over a possible trade deficit, as with the September achievement, the overall deficit for the whole of 2006 is projected at US$500 million, he said.

Mr. Rachane Pojanasunthorn, Director-General of the Foreign Trade Department attributed the robust export performance in September to cheaper energy prices and the awareness of the Thai people to economise on energy consumption, which reduced costly energy imports.

In September this year, Thailand imported US$10.5 billion, up 9 per cent from the same month last year.

On the basis of this year's nine-month performance, imports from January to September increased 7.7 per cent in relation to the same period last year.

For the remaining three months of the year, the Export Promotion Department intends to achieve exports valued at US$11.6 billion per month in order to meet the target of exporting US$130 billion for the entire year of 2006.

Mr. Karun said with the joint public-private sector efforts, these targets are attainable. (TNA)
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