Thai export in October contracted 6.71 per cent, says Ministry of Commerce

Export value in October contracted by 6.71 per cent year-on-year to US$19.38 billion, the Ministry of Commerce said on Monday.

Pimchanok Vonkorpon, the director-general of the ministry’s Trade Policy and Strategy Office, said that the export value had improved from the recovering global economy.

The export figure, however, dropped more than the market expected at -6 per cent, Pimchanok added.

Meanwhile, the import value stood at US$17.33 billion, or -14.32 per cent compared to last year, which has contributed to a trade surplus of US$2.07 billion in October.

As a result, Thai export markets have contracted less in several months at US$192.37 billion for the first ten months of 2020, down 7.26 per cent.

For the ten months of 2020 import, the value declined by 14.61 per cent to US$169.7 billion with the trade surplus of US$22.67 billion for the first ten months.

The 2020’s export value is set to contract by 7 per cent, according to the annual projection from the Ministry of Commerce

Advertisement -

COVID-19

Thailand finds 309 new coronavirus cases in the past 24 hours

Thailand’s government said on Friday that it had found 309 new coronavirus cases in the past 24...
Advertisement -
Advertisement -

Latest article

Row intensifies over price hike for Green Line extension

Bangkok’s governor was criticized Friday for saying that a Sky Train ticket that amounted to almost one third of the country’s daily...

Bangkok Bank shares fall on low Q4 profits

Bangkok Bank (BBL) shares dropped 3.54 per cent to 122.50 baht Friday morning after it posted lower-than-expected profits of 2.4 billion baht...

Air pollution hits worst levels so far this year

Central Thailand saw the worst air quality since the start of the year Friday, with the capital Bangkok reaching an unhealthy level...

Exports show first uptick in eight months as global economy revives, beating estimates

Thailand’s exports value in December gained year-on-year for the first time in eight months, by 4.71 per cent to USD 20.08 billion,...

Thailand finds 309 new coronavirus cases in the past 24 hours

Thailand’s government said on Friday that it had found 309 new coronavirus cases in the past 24 hours.Of...

Opinion: It is time for Thailand to move beyond typical patriotic films

In 2006, a Thai-produced animated movie called Kan Kluay was released. It was a heart-warming story, set during the Ayutthaya period, about...