Despite first-half dip, export growth could hit 3.5% target
July 28, 2014 00:00
EXPORTS are expected to grow by 7.29 per cent in the current second half of the year, after declining by 0.35 per cent in the first half, so Thailand could meet its full-year export-growth target of 3.5 per cent, according to the Commerce Ministry.
The ministry yesterday officially reported that first-half exports were valued at US$112.7 billion, a slight drop from the first six months of 2013. But June posted export growth for the first time in four months, by 3.9 per cent year on year to $19.84 billion.
“Average monthly export value in the second half of the year is expected to be $20.6 billion, so shipments could achieve the 3.5-per-cent growth target this year. With positive signs of an economic recovery in many markets, exports should be able to reach the goal,” said Nuntawan Sakuntanaga, director-general of the International Trade Promotion Department.