BANGKOK: The Ministry of Commerce says the global economic recovery contributed to February’s export growth of 10.3% while maintaining this year’s export growth target at 8%.Thai exports in the first two months of 2018 rose to a 7-year high of 13.8% growth, with a combined value of 40.466 billion dollars, while imports were valued at 39.778 billion dollars, resulting in a trade surplus of 688 million dollars.
The US, the European Union, and Asian countries remain Thailand’s major trade partners, according to Pimchanok.
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Due to these positive signs and the rising price of crude oil on the global market, which is causing a price hike in Thai agricultural products, the ministry forecasts this year’s export growth at no less than 8% as previously anticipated.
