Thai exports and imports climb in Nov
The data also showed a yearly increase of 3% in the country’s imports in November. The rise in the percentage of imports also beat the estimates of a drop of 1.05%.
The country’s exports and imports in January-November period, however, dropped by 0.05% and 5.1% respectively.
Among the markets Thailand posted the biggest growth was Japan (22.5%) followed by China (22%) and Europe (13.8%).
The Bank of Thailand estimated a decrease of 0.6% in exports in 2016 while it forecast a GDP growth of 3.2% for 2016 and 2017 after it expanded by 2.8% in 2015.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Turkey shattered as PP prices shoot up to surreal levels
- Polymer markets face one of most chaotic times
- Turnaround season set to get underway in Asia
- Crude oil heals COVID-inflicted wounds; now what lies ahead?
- Global shipping turmoil deepens, adding to the upheaval in plastic resins
- China’s post-holiday polymer outlook supported by supply limitations, crude oil
- US PE exports hit record high for 2020 despite production and logistics hurdles
- African PP, PE markets firmer on continued tightness in supplies
- Lack of sales pressure supports SEA PE markets
- Will soaring prices attract PP, PE imports to Europe?