Thailand’s Exports Increase 8% in October for Third Straight Month

Thailand’s customs-based exports for October rose 8% from a year earlier for its third straight month, according to the announcement of the commerce ministry early Monday. Still, the expansion in October was short of expectations for a 9.3% increase by Reuters poll.

For the first 10 months in 2023, Thai exports contracted 2.7%.

Meanwhile, imports for October rose 10.2% from a year earlier, higher than 6.0% expected by Reuters poll.

Thailand recorded a 0.83 billion baht of deficit in October, compared to 0.53 billion surplus polled by Reuters.

Still, the commerce ministry expected exports to continue rising in November and December. It is expected that exports will end the year down 1%.