Thailand’s exports surge 14.6% YoY in Oct.

Thailand’s exports continued their upward trajectory in October, surging 14.6 per cent year-on-year to reach a 19-month high of $27.22 billion, according to a report released by the Ministry of Commerce on Tuesday.

This marks the fourth consecutive month of export growth, driven by rising global demand for agricultural and food products, as well as easing inflation in major export markets. The export surge was primarily fueled by the export of technology-related items, such as computers, equipment, and components, which saw significant growth due to the rapid progress in digital technology.

The country’s imports also increased 15.9 per cent year-on-year in October to $28.01 billion, leading to a trade deficit of $794.4 million, the ministry added in a press release.

Attribution: Xinhua

Subediting: Y.Yasser