Bangkok (VNA) – Thailand's exports in October stood at 27.22 billion USD, marking a 14.6% growth and achieving the highest export value in 19 months, according to the country’s Trade Policy and Strategy Office (TPSO).
As reported by Thai English-language news site The Nation, imports within the same period amounted to 28.02 billion USD, up 15.9%, resulting in a trade deficit of 794.4 million USD.
Key growth drivers included technology-related exports, particularly computers, equipment and components, which expanded significantly in line with the rapid development of digital technologies. Positive factors also stemmed from rising global demand for agricultural and food products and easing inflation in key export markets.
October's export growth was driven by a 7.2% increase in agricultural and agro-industrial exports. Industrial exports grew by 18.7%. Major export markets performed well, aligning with recovery signals in key trading partners' economies, particularly China and Japan, along with strong performance in the US, CLMV countries (Cambodia, Laos, Myanmar and Vietnam), the EU, and the UK.
For the first 10 months, Thailand’s exports totalled 250.4 billion USD, growing by 4.9%. Imports reached 257.15 billion USD, up 6.6%, resulting in a trade deficit of 6.75 billion USD./.
