Thai exports increased in December last year, driven by recovering farm products, especially rice, which set a new record, while industrial goods also expanded.
Farm products helped keep ports busy in December 2014, data show. (Photo by Pattanapong Hirunard)
During the month, shipments expanded by 1.90% year-on-year to to US$18.79 billion while imports contracted 8.74% to $17.20 billion, resulting in trade surplus of $1.59 billion, according to Commerce Ministry data released on Tuesday.
For all of 2014, exports shrunk 0.41% year-on-year to $227.57 billion while imports contracted 8.97% to $227.95 billion, resulting in a deficit of $379 million.