Thai August exports rise 24.3% on year, close to forecast
BANGKOK: Thailand’s customs-cleared exports rose 24.3% in August from a year earlier, the commerce ministry said on Friday, just below analysts’ expectations. The August reading compared with a forecast rise of 24.9% in a Reuters poll, and followed an increase of 21.6% the previous month. Imports rose 25.1% in August from a year earlier. Thailand recorded a trade deficit of $2.48 billion in…
Thailand's August exports saw a notable 24.3% increase from the previous year, according to the country's commerce ministry, edging close to the 24.9% forecast by analysts. This surge follows a 21.6% rise in July, signaling a positive trend in the nation's trade sector. Despite this strong performance, Thailand recorded a trade deficit of $2.48 billion in August, slightly lower than the $3.9 billion deficit initially expected.
The United States, Thailand's biggest export market, saw a significant boost with shipments jumping by 48.7% compared to the same period last year. China also experienced a 15.5% increase in imports, contributing to the overall growth. Experts anticipate continued export growth throughout the year, driven by the demand for electronics, particularly those related to advancements in artificial intelligence.
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- Thai August exports rise 24.3% on year, close to forecast bangkokpost.com
