Thailand’s exports dropped for a second straight month in November and by more than expected, due to a global slowdown and China’s lockdown measures, the commerce ministry said. | Reuters
BANGKOK – Thailand’s exports dropped for a second straight month in November and by more than expected, due to a global slowdown and China’s lockdown measures, the commerce ministry said on Tuesday.
Exports, a key driver of Thai growth, declined 6 percent in November from a year earlier, compared with a forecast fall of 5.2 percent year on year in a Reuters poll. That came after October’s 4.4 percent drop.Exports of agricultural and agro-industrial products dropped by 2 percent in November from a year earlier, while shipments of industrial products declined 5.1 percent, the ministry said in a statement.
Among major markets in November, shipments to the United States rose 1.2 percent from a year earlier while those to Southeast Asia dropped 9.5 percent. Exports to China declined 9.9 percent from a year earlier.
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