World

Thai March export growth seen slowing to 8pc y/y

Published April 20, 2018 Updated April 20, 2018 01:35pm

The poll's median forecast was a for exports to grow 8.0 percent in March from a year earlier.

Exports, a key driver of economic growth in Thailand, rose 10.3 percent on year in February.

The commerce ministry is targeting an export growth of 8 percent this year, after a 9.9 percent increase in 2017, despite a strong baht.

Imports in March may have risen 11.6 percent from a year earlier, after jumping 16.0 percent in February, the poll showed.

Thailand likely recorded a trade surplus of $700 million in March, according to the poll, following a surplus of $808 million in February.

Copyright Reuters, 2018