Thailand Handelsbilanzsaldo

Thailand's trade deficit declined to USD 1.37 billion in July 2024 from USD 1.98 billion in the same month of the previous year and compared with market forecasts of a USD 0.52 billion shortfall. It was the first trade gap in three months amid a surge in imports. Exports rose 15.2% from a year earlier to USD 25.72 billion, rebounding sharply from a 0.3% drop in June and beating market estimates of a 6% rise, pointing to the fastest pace since March 2022. In the meantime, purchases grew by 13.1% to USD 27.09 billion, the sixth time of growth year to date, and accelerating sharply from 0.3% growth in the previous month. For the first seven months of 2024, the trade balance registered a deficit of USD 6.62 billion, with exports (3.8%) advancing less than imports (4.4%).