Thailand’s international trade grew by 13% on a year earlier in October, the 15th straight month of improvement. Export growth of 13% beat expectations of a 12% growth, and was above the prior month’s level. It therefore avoided China’s export slowdown and Japan’s disappointing result. Electronics led in absolute terms, while rubber products (including tires) surged by 63%. There are risks though – 48% of the growth came from volatile agricultural products. Trade risks are also emerging, with recently announced U.S. restrictions on washing machine imports putting $317 million of exports ...
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