Thailand’s export increases for 4th month in a row

Thailand’s export rises for a fourth consecutive month in November. (Photo: Thaipbsworld.com)

Bangkok (VNA) – Thailand’s export rose for a fourth consecutive month in November on the back of a consistent recovery in key trading partner markets, according to the Commerce Ministry.

Shipment in the month increased by 4.9% to 23.48 billion USD, while import expanded 10.1% to 25.88 billion USD, resulting in a trade deficit of 2.4 billion USD.

According to permanent commerce secretary Keerati Rushchano, the consecutive export growth demonstrates the nation’s economic recovery amidst ìnlation slowdown.

During January – November, Thailand’s export decreased 1.5% year-on-year to 261.77 billion USD, while import dipped by 3.8% to 267.93 billion USD, which led to a trade deficit of 6.16 billion USD.

The Commerce Ministry has set an export growth target of 1.99% in 2024, equivalent to 10 trillion THB (288.89 billion USD) in value./.

VNA