Thailand'S Exports Have Grown For The First Five Years In Negative Growth

According to the Ministry of Commerce of Thailand, the total export value of the country in November this year was about one hundred and eighteen trillion and seventy million US dollars, down eighteen point six percent from the year to year, and for the first time in nearly five years, it showed negative growth, a six year high.

Siripon, executive vice president of the Ministry of Commerce of Thailand, pointed out that Thailand's export volume plummeted last month, mainly due to the global economic slowdown, resulting in the reduction of imports of domestic goods by its trading partners.

With the closure of Su Wang NAPP and Don Mueang International Airport at the end of last month, the export volume and total value of some commodities have been reduced.

Under normal circumstances, the total value of air exports through airports is about $thirty to $four billion a month, but last month, the output of that part was nearly $one billion and three hundred million.

It is reported that exports of agricultural products, industrial products and fuel oil have been shrinking by more than 10% or 20%.

Exports showed declining commodities, including rice, rubber and cassava, and other agricultural products and foods.

The airport closed last month, and the most affected ones were exports of electrical and electronic, jewellery, textiles and fruits.

In addition, exports from major markets and emerging markets in Thailand last month showed a nearly 20% decline.

The total value of exports to the United States, Europe, Japan, China, Africa, Latin America, Australia, Korea and Indonesia has decreased to varying degrees.

Siripon predicted that exports of Thailand would still slow down in December, but if the total export value could reach US $thirteen billion, the total export value could reach US $one hundred and seventy-nine billion this year.