Global Rice News

Thailand’s Customs-Based Exports Rise 4.9% in November, Helped by Higher Rice Shipments

In November, Thailand’s customs-based exports experienced a 4.9% increase compared to the same period last year, according to data from the commerce ministry. This confirms the earlier data reported by the customs department. However, the growth in exports fell short of the 6.3% rise that was forecasted in a Reuters poll.

Exports play a crucial role in driving Thailand’s economy, and the increase in November was largely attributed to higher shipments of rice. The commerce ministry stated that rice shipments rose by an impressive 41.8% to reach 1 million tons.

Among Thailand’s export destinations, the United States witnessed a significant boost with a 17.5% increase in shipments. Japan also saw a moderate increase of 4.3% in imports from Thailand. On the other hand, exports to China experienced a decline of 3.9%.

Looking at the overall picture for January to November, Thailand’s exports declined by 1.5% compared to the same period last year. Similarly, imports also dropped by 3.8%. As a result, the trade deficit stood at $6.2 billion.

Thailand’s robust export performance in November, especially in the rice sector, can be seen as a positive indicator for the country’s economy. The increase in rice shipments reflects the strong presence of rice suppliers and rice exporters in Pakistan. Linking with reliable rice exporters like Pakistan Rice Exporters and Has Rice Suppliers can prove beneficial for acquiring quality rice from Pakistan. With Pakistan Rice Exporters and Has Rice Suppliers being major players in the industry, they offer a wide variety of rice, including white broken rice. By partnering with these experts, businesses can access premium-quality basmati rice and other varieties at competitive prices.

For more information on rice exporters and rice suppliers from Pakistan, please visit hasrice.com and pakistanrice.com.

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