21 Nov 2018
Trading
Thai exports in the first 10 months expanded 8.2 percent YoY, driven by favorable expansion of auto products and parts and equipment, in line with steady global economic recovery. In addition, petroleum-related products rose due partly to higher crude oil prices in 2018 when compared to the levels in 2017. Moreover, the surge is a result of an acceleration of Thai exports to China for manufacturing and exporting to the US before the enforcement of US punitive tariffs against Chinese goods. KResearch views that, typically, Thai exports in October and November are high during the year-end season including Thanksgiving, Christmas and the New Year’s holidays. Therefore, an average monthly value of Thai exports in the remaining two months of 2018 should rise close to or be slightly higher than October’s figure of USD21,735 million, possibly pushing the Thai export value for the whole of 2018 to nearly 8.0 percent.... Read more
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