Thailand’s October Exports Expand 17.4%, MOC Expects 2021 Exports to Grow 16%
Thailand's October exports expanded 17.4% while the Ministry of Commerce expected exports to grow 16% this year.
Thailand's October exports expanded 17.4% while the Ministry of Commerce expected exports to grow 16% this year.
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The Ministry of Commerce reported on Monday, November 22, 2021, that Thai exports in October 2021 expanded 17.4% for eighth consecutive months and higher than the exports data in September that rose 17.1%. From January, Thailand saw a 15.7% growth in exports with a value of 222 billion dollars.
The Ministry of Commerce expected Thai exports in 2021 to grow 15-16%, which was above the previous target of 4%.
Meanwhile, imports in October surged 34.6% whereas the 10-month period in 2021 showed an expansion of 31.3%.
Trade balance was $370.2 million in deficit in October, but $1,646.6 million in surplus for the 10-month period.