SCB: Export recovery only short-term


BANGKOK, 29 March 2012 – The Siam Commercial Bank Economic Intelligence Center (SCB EIC) has said that although the February export figure improves, the recovery is expected to be only short-term. 

The SCB EIC said with the better export figure in February, the country has a trade surplus of 530 million dollars. However, it warned that the recovery could be short-term, adding that entrepreneurs must be aware of the currency fluctuation.

The Center cited the Commerce Ministry’s export report as saying the export sector has experienced a rapid growth after most industries have recovered from the flood. The February export value has increased by 23% from January

The SCB EIC said Thai exporters have been importing more raw materials, showing they are accelerating production; however, the import value is still less than expected.