Bangkok Post - breaking news

"March exports hit all-time high

(dpa) - Thailand's exports hit $13 billion in March, marking a record high for the kingdom, the commerce ministry announced Tuesday. Commerce Minister Krirkkrai Jirapaet said exports in the first quarter reached $34 billion, up 18 per cent compared with the same period last year. He attributed the strong export performance to growth in both old and new markets, reported the Thai News Agency (TNA).

Meanwhile, imports during the first three months reached $30.5 billion, up by 2 per cent, leaving the kingdom with a trade surplus of 3.5 billion dollars compared with a $492-million trade deficit during the same period in 2006.

Although the baht currency appreciated 8 per cent against the dollar in 2006 and has continued to strengthen against the greenback this year, Krirkkrai forecast an annual export growth of 12.5 per cent in 2007 or $130 billion.

Prospects are good in Thailand's traditional markets such as the United States, Europe and Japan and in new markets such as India, he said."

Bangkok Post

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