November exports up 26.86% | Bangkok Post: breakingnews

November exports up 26.86%

Published: 26 Dec 2012 at 11.20
Online news:

Export value for November totalled US$19.55 million, an increase of 26.86% over last November, Commerce Ministry reported.

Import value over the month was up 24.53% on last November to stand at US$21.01 million, causing a trade deficit of US$1.45 million, according to the ministry.

Export value over the first 11 months of the year (Jan-Nov) stood at US$211.42 million, up 2.32% from the same period last year. Imports were up 8.55% to stand at US$227.12 million, resulting in a trade deficit of US$15.71 million, the ministry said.

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boons
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Discussion 1 : 26 Dec 2012 at 17.241
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Oh please. Nov 2011 vs Nov 2012??? That's comparing a flood crisis month with a non-flood crisis month. It's a useless statistic. And it should not have been reported by the Bangkok Post without clear reference to the floods. This gives the misleading illusion of export growth. Nothing could be further from the truth. January to November exports are up a mere 2.3% from Jan-November year-over-year. This shows how absurd the 26% number is. Meanwhile, IMPORTS are up 8.55% which shows an INCREASING trade deficit. So let's have some honesty: Thailand lost on balance of trade this year and did worse this year than the previous year.
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