Thailand’s Commerce Ministry reports that the country’s exports last month continued to drop by 4 per cent, resulting in a minus figure for the first 11 months of 2013.
The export figure plunged 0.49 per cent from January-November this year, according to Srirat Rattapana, permanent-secretary of the Commerce Ministry.
Ms Srirat said she still hopes that December exports will help raise Thailand’s overall export performance this year to be positive.
Exports last month were valued at US$18.7 billion, or minus 4.08 per cent year-on-year, due to the slowly improving world economies and minus export figures for important industrial goods at -5.2 per cent and agricultural goods at -2.5 per cent.
The total export value in the first 11 months of this year reached $210 billion, or -0.49 per cent year-on-year.
According to Ms Srirat, if December exports value exceeded $19.5 billion, the country’s overall export this year will become positive figure at 0.1-0.2 per cent.
She said export projections for next year cannot yet be forecast, for political situations must be monitored as well as the new government’s clarity and policies. However, she said the ministry will try to push export growth to reach more than 5 per cent. (MCOT online news)
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Boris Sullivan is a business news editor based in Hong Kong. He has over 15 years of experience in covering the latest trends and developments in the Asian markets, as well as the global economy.