The Ministry of Commerce revealed that Thailand’s exports continued to grow in October 2023, marking the third consecutive month of expansion.
Mr. Keerati Ratchano, the Permanent Secretary for Commerce told a briefing that the country’s international trade figures for October 2023 and the first 10 months of the year.
Thailand’s export value in October 2023 reached $23.578 billion, showing an impressive 8% growth year-on-year, the highest in the last 13 months. This positive trend contributed to a cumulative export value of $236.648 billion for the 10-month period from January to October 2023, despite facing a 2.7% decline.
Looking ahead, if exports surpass $23.950 billion in the remaining two months, full-year-exports are likely to show a small contraction or about 1%.
Meanwhile, October 2023 import figures stood at $24.411 billion, reflecting a growth rate of 10%. The cumulative import value for the first 10 months of 2023, from January to October, amounted 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 period. (TNA)
