[THAILAND ECONOMIC NEWS] Good morning everyone I am Rumi Dhar from Kama Group.
Here I have important THAILAND economic news to share with you which is as mentioned
under.


The value of Thai merchandise exports in November was US$22,308 million, contracting
-6%YOY (compared to the same period last year), continuing from -4.4% in October,
marking the second consecutive month of contraction.

After 20 months of continuous growth compared to the previous month on a seasonally
adjusted basis. November’s export figure recovered 2.5%MOM from a sharp contraction
of -8.5%MOM in the previous month.

For the first 11 months of 2022, exports still expanded by 7.6% to $265 billion while
imports rose by 16.3% to $280 billion, resulting in a trade deficit of $15 billion.

Major exports contracted in almost all groups except cars and parts
The overall picture of exports by commodity group in November contracted in almost all
groups, with:

(1) agricultural products contracting by -4.5% continually from -4.3% in October. The export
of rubber contracted significantly due to the decline in global demand during the COVID-19
crisis, while processed chicken Chilled and frozen chicken, fresh, chilled, frozen and dried
fruits expanded well in this month.

(2) Agro-industrial products slightly increased by 1% from a contraction of -2.3% in October.
which has been a good export group for 20 months, with exports of sugar and wheat
products and other ready-to-eat foods expanding well;

(3) manufacturing products contracted by -5.1%, up from -3.5% in October The continued
growth in product groups included automobiles and parts, 5.5% slightly accelerating from
the previous month’s 5.1%, as well as electrical transformers and parts. gems and jewelry
(excluding gold) and motorcycles and parts Major industrial goods contracted, such as
computers and equipment, chemicals, unwrought gold, plastic beads, aircraft, space
vehicles and parts. Internal combustion piston engines and components, iron, steel and
products



Read more at: https://www.thailand-business-news.com/economics/95203-thai-exports-contracted-for-the-second-consecutive-month-in-november

KAMA GROUP
New Delhi
Have a nice day