Exports in November grow to record high in six years

Thai exports continued to grow strongly with a two-digit growth of 13.4% registered last month, making it the highest in six years time.

According to the director of the Commerce Ministry’s General Trade Policy and Strategy Office, Ms Pimchanok Vonkorpon, the growth for November was the ninth consecutive month. It rose to 13.4%, the record high in six years.

She attributed the export growth to the global economic recovery, particularly in the European Union, US, China, and South Asia which saw the growth of 5.3, 20.7, 16.9 and 41.8 % respectively.

Major Thai exports to these markets are para rubber, tapioca products, fresh and frozen chicken, and rice.

For rice, she said, rice exports are likely to exceed 11 million tons this year after the shipments reached a record high of 1.5 million tons last month.

For 11 months, from January to Nov 30, the country’s exports grew 10.1%, she said.

She believed that the full-year growth would be around 8-10% this year and 6-6.5% next year with the export value averaging US$250 billion.