Thai August exports rise 24.3% on year, close to forecast
Thailand's customs-cleared exports rose ‌24.3% in August from a year earlier, the Commerce Ministry said on Friday, just below analysts' expectations.
Thailand's exports increased by 24.3% in August year-on-year, according to the Commerce Ministry, just below the 24.9% forecast from analysts. This follows a 21.6% rise in July. Imports also grew by 25.1% in August compared to the previous year. The country reported a trade deficit of $2.48 billion in August, less than the anticipated $3.9 billion deficit.
The ministry noted that exports to the United States, Thailand's largest market, surged by 48.7% from a year ago. Exports to China also rose by 15.5%. Natiya Suchinda, deputy director-general of the ministry's Trade Policy and Strategy Office, stated that exports are expected to continue growing until the end of the year, driven by demand for electronics due to global AI trends. She predicted a 15% expansion in exports this year.
Written by urgent.news from Bangkok Post Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
