Thailand's Exports Increase For 4 Consecutive Months
Jayson 27 Dec 2023 07:45
According to the Thai media "The Nation", Thailand's exports increased by 4.9% year-on-year in November, which was the fourth consecutive month of growth in Thailand's exports.
In November, Thailand's exports reached US$23.48 billion, an increase of 4.9% over the same period last year. At the same time, Thailand's imports in November reached US$25.88 billion, an increase of 10.1%, with a trade deficit of US$2.4 billion.
Corati, Permanent Secretary of the Ministry of Commerce of Thailand, said that the continued growth of Thailand's exports means that the economy is recovering, and that exports next year may return to pre-epidemic levels.
It is worth noting that all export categories in Thailand have experienced growth, especially agricultural products, which have a strong growth momentum.
In November, Thailand's industrial product exports also showed continued growth momentum, which benefited from the growth in industrial product consumption in various trading partner countries at the end of the year.
Thailand's Ministry of Commerce believes that despite the global economic slowdown this year, Thailand's export performance is still good. Corati said that looking forward to 2024, Thailand's exports are expected to rebound with the recovery of the global economy, with a growth rate of 1.99% and a total export value of approximately 10 trillion baht.
In November, Thailand's exports reached US$23.48 billion, an increase of 4.9% over the same period last year. At the same time, Thailand's imports in November reached US$25.88 billion, an increase of 10.1%, with a trade deficit of US$2.4 billion.
Corati, Permanent Secretary of the Ministry of Commerce of Thailand, said that the continued growth of Thailand's exports means that the economy is recovering, and that exports next year may return to pre-epidemic levels.
It is worth noting that all export categories in Thailand have experienced growth, especially agricultural products, which have a strong growth momentum.
In November, Thailand's industrial product exports also showed continued growth momentum, which benefited from the growth in industrial product consumption in various trading partner countries at the end of the year.
Thailand's Ministry of Commerce believes that despite the global economic slowdown this year, Thailand's export performance is still good. Corati said that looking forward to 2024, Thailand's exports are expected to rebound with the recovery of the global economy, with a growth rate of 1.99% and a total export value of approximately 10 trillion baht.
