Nov exports rose 4.9% y/y, below forecast
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Nov exports rose 4.9% y/y, below forecast

An aerial view of containers lined up at the Bangkok Port alongside the Chao Phraya river in Bangkok. (File photo)
An aerial view of containers lined up at the Bangkok Port alongside the Chao Phraya river in Bangkok. (File photo)

Thailand's customs-based exports rose for a fourth straight month in November, up 4.9% from a year earlier, Customs Department data showed, but were short of expectations.

The reading compared with a forecast for a 6.3% year-on-year increase for November in a Reuters poll and followed October's 8% year-on-year rise.

Imports jumped 10.1% in November from a year earlier, beating a forecast rise of 3% in the poll, resulting in a trade deficit of US$2.4 billion for the month, versus a forecast deficit of $0.55 billion.

Exports, a key driver of Thailand's economy, were helped by higher shipments of oil, rice, computer and computer parts, the department said in a statement.

But exports of cars and air conditioners were down on the year, it said.

November exports to the United States and Japan were higher year-on-year while those to China and Europe declined, the department said.

The Commerce Ministry is expected to release and hold a briefing on the customs-based trade data next week.

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