The Ministry of Commerce exposed that Thailand’s exports continued to grow in October 2023, marking the 3rd successive month of growth.
Mr. Keerati Ratchano, the Permanent Secretary for Commerce informed a rundown that the nation’s global trade figures for October 2023 and the very first 10 months of the year.
Thailand’s export worth in October 2023 reached $23.578 billion, revealing a remarkable 8% development year-on-year, the greatest in the last 13 months. This favorable pattern added to a cumulative export worth of $236.648 billion for the 10-month duration from January to October 2023, regardless of dealing with a 2.7% decrease.
Looking ahead, if exports go beyond $23.950 billion in the staying 2 months, full-year-exports are most likely to reveal a little contraction or about 1%.
On The Other Hand, October 2023 import figures stood at $24.411 billion, showing a development rate of 10%. The cumulative import worth for the very first 10 months of 2023, from January to October, totaled up to $243.313 billion, with 4.6% contraction.
Thailand saw a trade deficit of $832.3 million for October 2023 and a cumulative deficit of $6.665 billion for the January-October duration. (TNA)
