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Thai exports grow by 7.6% in 11 months of 2022

Thailand’s exports expanded 7.6% year-on-year to 265 billion USD in the first 11 months of 2022.
Thai exports grow by 7.6% in 11 months of 2022 ảnh 1Thai Commerce Minister Jurin (Photo: thainews.prd.go.th)
Bangkok (NNT/VNA) – Thailand’s exportsexpanded 7.6% year-on-year to 265 billion USD in the first 11 months of 2022.

Thai Commerce Minister Jurin reported the country’stotal exports in November were valued at over 22.3 billion USD, a 6%contraction from the same month in 2021. Farm and industrial categories led thedrop in exports, marred by a clear slowdown in the global economy andheightened inflation in many countries.


Most of Thailand’s five export markets that saw the biggestgrowth were in the Middle East, including Iraq (215%), Bahrain (153%), and SaudiArabia (40.1%). Meanwhile, the UK market grew 22.2% and the Lao market 21.3%.

For next year, Minister Jurin said Thailand willhave to brave global economic woes and decelerating consumption. Positivefactors include rising demand for food as well as digital and 5G growth drivingdemand for more technology-related items. China’s relaxation of its Zero COVIDpolicy in January is also expected to help facilitate Thai exports to China,especially produce such as fruits.

Thailand’s November imports, meanwhile, expanded5.6% to reach 23.65 billion USD, resulting in a trade deficit of more than 1.3billion USD.

The 11-month imports went up 16.3% to over 280 billion USD, with a tradedeficit of more than 15 billion USD.
VNA
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