Thailand’s October exports highest in 19 months

Thailand's exports in October stood at $27.22 billion, marking a 14.6% growth and achieving the highest export value in 19 months, according to the country’s Trade Policy and Strategy Office (TPSO).

As reported by Thai English-language news site The Nation, imports within the same period amounted to $28.02 billion, up 15.9%, resulting in a trade deficit of $794.4 million.

Key growth drivers included technology-related exports, particularly computers, equipment and components, which expanded significantly in line with the rapid development of digital technologies.

Positive factors also stemmed from rising global demand for agricultural and food products and easing inflation in key export markets.

October's export growth was driven by a 7.2% increase in agricultural and agro-industrial exports. Industrial exports grew by 18.7%.

Major export markets performed well, aligning with recovery signals in key trading partners' economies, particularly China and Japan, along with strong performance in the U.S., CLMV countries (Cambodia, Laos, Myanmar and Vietnam), the EU, and the UK.

For the first 10 months, Thailand’s exports totalled $250.4 billion, growing by 4.9%. Imports reached $257.15 billion, up 6.6%, resulting in a trade deficit of $6.75 billion.