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Thursday, May 2, 2024

Thailand’s exports for August rebound for the first time in 11 months

Thai exports for the month of August rebounded by 2.6% year on year for the first time in 11 months, during which exports dropped continuously, Kirati Ratchano, permanent secretary of commerce, said today (Tuesday).

Exports for August were worth about 8.25 billion baht (US$24,279.6 million), which is seen as a good sign after exports fell ten consecutive months, he said.

Imports during the same period dropped 12.8% to 8.23 billion baht (US$23,919.7 million), resulting in a trade surplus of about 2.46 billion baht (US$359.9 million).

Exports for the first eight months of this year, worth about 6.3 trillion baht (US$187.6 billion), fell 4.5% year on year, while imports also dropped 5.7% to about 6.7 trillion baht (US$195.5 billion), resulting in a trade deficit of about 353 billion baht (US$7.9 billion).

Kirati said that Thai exports for August performed better than many countries in…

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