By Nopparat Chaichalearmmongkol

BANGKOK-Thailand's international trade moved toward recovery in November with exports rebounding strongly, said the Commerce Ministry Monday.

The ministry's monthly report showed Thailand's trade surplus at $1.54 billion in November, surging from $248 million in October.

The continued trade surplus was attributed to a 10.2% on-year export growth, to $18.91 billion in November, a rebound from the 4.2% fall in the preceding month, and the 3.0% on-year rise in imports to $17.37 billion, compared with the 6.5% year-over-year increase in October.

The Commerce Ministry attributed the export growth to strong farm shipments and a rebound in oil exports.

Over January toNovember, export value totaled $197.16 billion, official data show, which was a 0.05% year-over-year slide, while import value was $177.44 billion, a 5.1% on-year drop.

Thailand's accumulated trade surplus for the first 11 months of this year was $19.72 billion.

Pimchanok Vonkhorporn, deputy director of the ministry's Office of Trade Policy and Strategy, told a news conference that the country's exports look more likely to avoid a flat performance this year.

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(END) Dow Jones Newswires

December 25, 2016 23:19 ET (04:19 GMT)

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