Thai November exports drop 3.65% y/y, bigger fall than forecast

[webfact]

Thai November exports drop 3.65% y/y, bigger fall than forecast

 

FILE PHOTO: A view of Bangkok's port amid the spread of the coronavirus disease (COVID-19) in Bangkok, Thailand, June 21, 2020 REUTERS/Athit Perawongmetha

 

BANGKOK (Reuters) - Thailand's exports in November fell by a slightly bigger than-expected 3.65% from a year earlier, the commerce ministry said on Wednesday.

 

The decline compares with a forecast in a Reuters poll for a fall of 3.2% in exports and against October's 6.71% drop.

 

Imports in November eased 0.99% from a year earlier, resulting in trade surplus of $53 million.

 

In January-November, exports, a key driver of Thai growth, contracted 6.92% from a year earlier, while imports tumbled 13.74%.

 

(Reporting by Kitiphong Thaichareon; Writing by Orathai Sriring; Editing by Martin Petty)

 

-- © Copyright Reuters 2020-12-23

 

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[1Gringo]

shouldn't that be making the Baht weaker?  I, for one, could use some relief from this runaway Baht.

[Susco]

4 minutes ago, 1Gringo said:

shouldn't that be making the Baht weaker?  I, for one, could use some relief from this runaway Baht.

 

Since the dollar has gone from 29.80 to 30.20 in the past 5 days, that is obviously what is happening

[1Gringo]

it's a start, but barely worth mentioning.

[hotchilli]

8 hours ago, 1Gringo said:

shouldn't that be making the Baht weaker?  I, for one, could use some relief from this runaway Baht.

Nothing seems to deflate the baht, one of Prayuts little miracles.