The Director-General of the Fiscal Policy Office, Pornchai Thiraveja, announced that the export sector is showing signs of recovery, marking its third month of consecutive growth. Despite a year-on-year contraction of 2.7% in the value of exports between January and October, monthly figures indicate a resurgence, with an 8% rise in October to US$23.5 billion.
Quarterly analysis shows a decrease in the value of exports by 4.5% in the first quarter, 6.2% in the second quarter, and a smaller 0.5% contraction in the third quarter. Excluding oil-related products, gold, and weaponry, the real sector witnessed a growth of 5.4%.
Pornchai Thiraveja attributes the uplift in exports to an increase in agricultural products, such as fresh and frozen fruits, rice, food seasonings, and canned and processed vegetables. Industrial product shipments also saw…
