Thailand's November Exports Rise 7.1%, Below Economist Expectations
Executive Summary
Key insights and market outlook
Thailand's exports grew 7.1% year-on-year in November, according to the Ministry of Commerce, falling short of economists' projections of 8.25% growth. This follows 5.7% growth in October. For the January-November period, exports rose 12.6% compared to the previous year. The Ministry forecasts 11.6-12.1% export growth for 2025.
Deep Dive Analysis
Thailand's Export Growth Slows to 7.1% in November, Misses Forecasts
Export Performance Update
Thailand's exports experienced a 7.1% year-on-year growth in November, as reported by the Ministry of Commerce. This growth rate was lower than the 8.25% increase anticipated by economists in a Reuters poll. The November figure follows a 5.7% growth recorded in October, indicating a moderate acceleration in export performance.
Cumulative Export Growth
For the period spanning January to November, Thailand's exports demonstrated a robust 12.6% increase compared to the corresponding period in the previous year. This cumulative growth reflects a strong overall performance in the country's export sector during the first eleven months of the year.
Outlook for 2025
The Ministry of Commerce has maintained an optimistic outlook for Thailand's export sector, forecasting a growth range of 11.6% to 12.1% for the year 2025. This projection suggests continued confidence in the resilience and competitiveness of Thai exports in the global market.
Source References
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Key Events
Thailand Export Growth
Ministry of Commerce Forecast