The Commerce Ministry reports export contraction in November due to the China-US trade war. (Photo: Port Authority of Thailand)The value of exports fell 0.95% year-on-year in November to US$21.24 billion on the China-United States trade war and lower supply-chain exports to China, resulting in a $1.17 billion trade deficit. Announcing the figures on Friday, the Commerce Ministry also reported that imports increased by 14.66% to $22.41 billion last month. In the first 11 months of 2018, exports expanded by 7.29% to $232.72 billion, imports rose by 14.77% to $231.34. Ms Pimchanok said the Commerce Ministry still hoped exports would rise by 8% throughout this year, as was earlier expected.

Source: Bangkok Post December 21, 2018 06:00 UTC