After 11 months in decline, Thai exports have made a surprising return to growth, largely due to a resurgence in global manufacturing, consumer spending and a thriving service sector among trading partners. This upturn has been further fuelled by the promotion of clean energy policies, increased demand for technological products and the relative depreciation of the baht, according to the Commerce Ministry.
The ministry revealed yesterday that in August, the customs-cleared value of exports grew by 2.6% year-on-year, totalling US$24.3 billion. Meanwhile, imports shrank by 12.8% to US$23.9 billion, yielding a trade surplus of US$360 million.
Excluding gold, oil-related products and weaponry, Thai exports in the real sector grew by 3.9% from August last year. Agricultural and agro-industrial product shipments decreased by 1.5% for the month to US$4.03 billion,…
