Dec exports rise 4.7% year-on-year, less than forecast

Dec exports rise 4.7% year-on-year, less than forecast

Containers are seen at the Bangkok port along the Chao Phraya River. (Reuters photo)
Containers are seen at the Bangkok port along the Chao Phraya River. (Reuters photo)

Thailand's customs-based exports rose for a fifth straight month in December, up 4.7% from a year earlier, the Commerce Ministry said on Friday.

The reading compared with a forecast for a 6.0% year-on-year increase for December in a Reuters poll, and followed November's 4.9% rise.

In December, imports fell 3.1% year-on-year, creating a trade surplus of $0.97 billion.

In December, shipments to the United States rose 0.3% from a year earlier and those to Japan dropped 3.7%, while exports to China increased 2%.

Full-year 2023 imports dropped 3.8% annually, while exports dropped 1%, creating a trade deficit of $5.2 billion.

The ministry set a target for exports to grow 1.99% this year.

Rice export volumes increased 4.1% in December from a year earlier, and rose for the whole of 2023 by 13.7% to 8.76 million metric tonnes.

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