BANGKOK: Thailand’s customs-cleared annual exports rose for a ninth straight month in November and handily beating expectations, as demand from major markets remained strong.
Exports, a key driver of Thailand’s growth, increased 13.4 percent in November from a year earlier after rising 13.1 percent in October, commerce ministry data showed on Thursday.
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That beat the median forecast of a 6.4 percent rise from economists polled by Reuters. he exports were led by rubber, which surged 61 percent, while rice exports rose 50 percent.
Imports in November increased 13.7 percent from a year earlier, also more than the forecast of a 12.8 percent rise.
That resulted in a trade surplus of $1.76 billion in November, far above a forecast of $0.72 billion surplus.
In January-November, exports grew 10 percent, while imports rose 14.5 percent in the same period, Pimchanok Vonkhorporn, an official at the commerce ministry, said at a briefing.
