Thailand's exports have not recovered, falling 4.5% year-on-year in October, the third straight monthly contraction. "Thai exports were still affected by the fragile global economy," said Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office, the economic planning unit of the Commerce Ministry. For the first 10 months, exports fell 2.4% year-on-year to $207.32 billion, with imports down 4.1% to $199 billion, for a surplus of $7.88 billion. The Commerce Ministry wants to expedite exports of major agricultural products to benefit local farmers in many areas. A completed Regional Comprehensive Economic Partnership (RCEP) could potentially leverage exports, especially automobiles and parts, textiles, apparel, and cassava products.

Source: Bangkok Post November 21, 2019 23:24 UTC