Thai Export Up38% In July With Great Trade Surplus

According to the Thai Customs, Thai July export up 38.3%. 

The export to Japan jumped 38% in June from a year earlier after a 30.4% rise in May as production in sectors affected by the Japanese earthquake in March have got back to normal.   

Major Thai exports to Japan include cars and car parts,electronics and machinery. Japan is also Thailand's biggest source of imports.

Base on the forecast export growth of 15% for this year while the central bank last month raised its forecast to 22.4% from 20.4%.    

The central bank raised its policy rate by 25 basis points to 3.50% on Wednesday to tame inflation; it was the ninth increase since July 2010, when it started to push up the rate from a record low of 1.25%.