Total trade with neighbouring countries, including cross-border trade in January came in at 141.07 billion baht, up 9.49 per cent year on year, the Commerce Ministry reported.
The establishment of new industrial zones and key industrial projects beginning operations early this year augur well for the sector.
Aside from oil prices, climate change and typhoons could likely exert more pressure on the country’s inflation rate.
Urbanization and digital economy are expected to generate new room for growth in the next 10 to 15 years.
Experts say the country needs to be wary of imported inflation risks, and rising global commodity prices due to supply fears.
The writer says a closer-knit political-economic union within the RCEP would give ASEAN more clout in the trade block.
The Khmer Swiftlet Association aims to bring the product to a broader audience and guarantee higher selling prices for the sector.
The biggest value of Thai exports for which the certificate was sought under RCEP was to Japan, totalling Bt540.36 million.
Analysts said oil prices might hit $200 a barrel before March ends, which could translate to local pump prices of up to P100 a liter.
The department encouraged the stockpiling of agricultural products but said the country had sufficient inventory of manufactured items.