November export rises over 10%

 

 

BANGKOK: -- Exports for November rose over 10% with value jumping in excess of US$18.9 billion, the Trade Policy and Strategy Office says.

 

Ms Pimchanok Wonkoporn, deputy director of the Trade Policy and Strategy Office with the Ministry of Commerce, said export statistics for November 2016 was in excess of US$18.9 billion, representing a 10.19% growth compared to the same period the previous year.

 

Exports figures taken from the same period last year showed a contraction of 4%, thus making the latest export figures the highest degree of growth in a 9 month period. she said.

 

Significantly, this also represents the highest degree of export growth in the entire world, she said.

 

She attributed the growth to the improving global economic outlook most, particularly for exports to Thailand’s major markets such as the US which grew by 10%, Japan which grew by 22% and Europe which grew by 13%.

 

This has also been helped in no small measure by the rise in the country’s gold exports which has grown by a staggering 72%, she added.

 

As for total export figures collected for the first 11 months of this year, this still shows a contraction of 0.05% which comparatively is still much better than the average global export figures which saw a 4% contraction.

 

Full story: http://englishnews.thaipbs.or.th/november-export-rises-10/

 

-- © Copyright Thai PBS 2016-12-27

3 hours ago, webfact said:

Significantly, this also represents the highest degree of export growth in the entire world, she said.

 

Sorry TAT lady you just lost your crown. The entire world imagine that. 

4 hours ago, webfact said:

this also represents the highest degree of export growth in the entire world

As it should after 11 months of contraction, perhaps among the highest in the entire world.

They really need better calculators !!!
Or brains ???

"..........helped in no small measure by the rise in the country's gold exports". 

 

So what is Thailand's grand plan?

 

Shut down all gold mines starting with Loi and Phichit . What a cunning masterstroke by the military economic geniuses.

Talk about killing the geese with the golden eggs!

Edited December 27, 20169 yr by Brer Fox

5.6% growth over two years is not much to celebrate.

2 hours ago, Srikcir said:

As it should after 11 months of contraction, perhaps among the highest in the entire world.

 

"As for total export figures collected for the first 11 months of this year, this still shows a contraction of 0.05% which comparatively is still much better than the average global export figures which saw a 4% contraction"

 

Must be difficult to accept good news? Not the collapse some were predicting.