Thailand: Merchandise exports rise at a milder pace in November
Merchandise exports rose 3.7% in annual terms in November (October: +7.2% year-on-year). Meanwhile, merchandise imports expanded 9.3% over the same month last year in November (October: +10.7% yoy).
As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 0.2 billion deficit in November (October 2023: USD 1.3 billion surplus; November 2022: USD 1.0 billion surplus). Lastly, the trend pointed down, with the 12-month trailing merchandise trade balance recording a USD 16.0 billion surplus in November, compared to the USD 17.1 billion surplus in October.