The Commerce Ministry disclosed Thai exports in November were valued at US$17.7 billion, nearly 28.5 per cent growth, compared to the same period last year.
Imports were valued at $17.2 billion, an expansion of 35.3 %, so Thailand enjoyed a trade surplus of $407 million, Commerce Minister Porntiva Nakasai said.Exports in the first 11 months of 2010 were valued at $177 billion, a growth of 29.15 per cent and imports in same period were valued at $166 billion, a 39 per cent increase. Thailand’s trade surplus from January through November was $11.87 billion.
If exports in December reach $14-15.5 billion, exports for the whole year is likely to surpass $190 billion, a growth of about 26-28 per cent, as projected by the ministry.
Pandemic drives sea freight prices to record high
The Covid-19 pandemic, which initially brought global shipping to a virtual standstill, did not bode well for the industry and led to “an unprecedented drop in demand”
Thailand and EU resume FTA negotiations
Thailand and the European Union (EU) are now back in talks to establish a Free Trade Agreement (FTA), for the first time since the initiative was put on hold in 2014.
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