November exports drop 7.4%, worse than forecast

November exports drop 7.4%, worse than forecast

Thailand's customs-cleared exports in November fell 7.39% from a year earlier, after falling 4.54% the previous month, the commerce ministry said on Monday.

November's export numbers came in worse than a Reuters poll forecast for a decrease of 4.5% in shipments, a main driver of Thai growth. 

Shipments to China rose 2.3% in November from a year earlier, while those to the United States dropped 2.6%, a ministry official said. 

Imports in November contracted 13.78% from a year earlier, after falling 7.57% the previous month. 

The poll had forecast a fall of 6.8% in imports last month. 

November's trade surplus amounted to $0.55 billion, versus a forecast for $0.19 billion deficit, and October's surplus of $0.51 billion. 

In January-November, exports contracted 2.77% from a year earlier and imports fell 5.22% during the period. 


Do you like the content of this article?
COMMENT (11)

New scare in Japan

ASIA VIRUS UPDATE: 58 people, including 26 with disabilities, infected with coronavirus at a welfare centre near Tokyo, as Japan braces for a possible upturn in cases.

28 Mar 2020

Aid registration website overwhelmed

Krungthai Bank has apologised after the website allowing self-employed people to register to receive financial aid did not work as planned.

28 Mar 2020

Fit-to-fly order challenged

A Thai man in Ireland has filed a petition with the Central Administrative Court seeking an order to stop the enforcement of two requirements for Thais flying home.

28 Mar 2020