Thai Exports Fall Short of Expectations despite 4-Straight Growth in November

Thailand’s customs-based exports recorded growth for a fourth straight month in November with an increase by 4.9% from a year earlier, but fell short of 6.3% growth forecast by economists from a Reuters poll.

Meanwhile, customs department data showed that imports in November rose 10.1% from last year, a much larger reading than 3.0% growth forecast in a Reuters poll.

Thailand’s customs-based trade balance for November was -2.4 billion dollars, compared to -0.55 billion dollars from a Reuters poll.