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Wednesday, May 15, 2024

Thai exports rebound in August after long decline

Containers are stacked aboard a shipping vessel at a port. The customs-cleared value of exports rose by 2.6% year-on-year in August to $24.3 billion.

Thai exports unexpectedly bounced back to growth for the first time in 11 months, supported by improved signals from the global manufacturing sector, positive consumer spending, and an expanding service sector among trading partners.

The growth was bolstered by the promotion of clean energy policies and higher demand for technological products, while the relative depreciation of the baht also had a positive influence on exports, according to the Commerce Ministry.

The…

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