Exports up 4.28% last month

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Thai exports in July 2019 rose 4.28% from a year earlier, on the back of rising gold prices and a less-volatile trade war between China and the United States.

The Director-General of the Trade Policy and Strategy Office (TPSO), Pimchanok Vonkorpon, said today that Thai exports were valued at 21.20 billion US dollars last month, while the value of Thai imports was 21.09 billion dollars. The result was a trade surplus of 1.91%.

Exports in July contracted 0.95% from the previous month, but were 4.28% higher year-on-year. In addition, the 0.95% contraction was the lowest in five months, since February. This was due to the surging gold prices on global market and the China-US trade war, which has not worsened. Thai exports to China and the US were positive. Thailand was able to export more products, namely cosmetics, processed agricultural goods and fruit. If the monthly export value stays above 21.75 billion dollars in the remaining months of 2019, the country’s export sector will not experience negative growth this year.