Thai April exports up 24.6 pct y/y

Fri May 20, 2011 12:46am EDT

 * April exports +24.6 pct y/y vs +27.5 pct in Reuters poll
 * Imports +27.9 pct y/y vs +24.8 pct in Reuters poll
 * Trade deficit $0.80 bln vs +$0.40 bln in Reuters poll
 BANGKOK, May 20 (Reuters) - 	
 Thai customs-cleared trade data from the Commerce Ministry. 
 	
(Percentage change from a year earlier; figures may not add 	
up exactly due to rounding):   	
 Apr   Mar    Feb    Jan    Dec    Nov    Oct    Sep
 Exports
 Pct     24.6   30.9   31.0   22.3   18.8   28.5   15.7   21.2
 ($ bln)17.56  21.26  18.87  16.75  17.37  17.70  17.13  18.06
 
 Imports
 Pct     27.9   28.4   22.5   33.3   11.5   35.3   13.5   16.0
 ($ bln)18.36  19.47  17.10  17.60  16.08  17.29  14.81  15.00
 
 Trade Balance
 ($ bln)-0.80  +1.79  +1.77  -0.86  +1.29  +0.41  +2.32  +3.07
 	
 CONTEXT:   	
 - Shipments to Japan slowed in March due to the disruption
caused by the massive earthquake there and will continue to be
affected in coming months. 	
 - Exports to Japan rose 23.6 percent in March from a year 	
earlier after a 36.8 percent rise in February. China was
Thailand's biggest export market in March, with Japan and the
euro zone tied for second place.	
 - Major Thai exports to Japan include cars and car parts,
electronics and machinery. Japan is also Thailand's biggest
source of imports, accounting for about a fifth of the total.	
 - Some Thai officials say the quake will have only a
short-term impact on trade. Toyota Motor Corp's Thai
unit, for example, has said its operations would be back to
normal from May 23, after it cut output following the
earthquake.[ID:nL3E7FM0GR].  	
 - The Commerce Ministry has said exports could grow 15
percent this year while the Bank of Thailand last month raised
its export growth forecast to 20.4 percent from 11-14 percent,
saying advance orders were still strong.	
  - The central bank is widely expected to lift its benchmark
interest rate, the one-day repurchase rate , by 25
basis points to 3.0 percent at its next meeting on June 1; it
would be its seventh rise in this cycle, which began in July
2010 from a record low of 1.25 percent. [ID:nL3E7FK1PF].	
    	
 LINKS:   	
 For details, see Commerce Ministry website:   	
here#  	
 For Reuters poll [ID:nL3E7GA24L].    	
($1=30.21 baht)	
	
 (Reporting by Boontiwa Wichakul; Writing by Orathai Sriring;
Editing by Alan Raybould)	
 
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