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Thailand’s exports grow for 14th consecutive month

Although a slowdown is expected in the remaining four months of the year, the Ministry of Commerce forecast that Thailand’s annual exports will still post growth of 2–3%, potentially exceeding the set target.

Illustrative photo (Photo: nationthailand.com)
Illustrative photo (Photo: nationthailand.com)

Bangkok (VNA) – Thailand’s exports in August reached 27.74 billion USD, up 5.8% year-on-year, marking the 14th straight month of export growth, according to Poonpong Naiyanapakorn, Director of the Trade Policy and Strategy Office (TPSO) and spokesperson for the Ministry of Commerce.

Thailand’s imports in August stood at 29.70 billion USD, a rise of 15.8%, resulting in a trade deficit of 1.96 billion USD.

By product category, exports of agricultural goods fell 13.6% while agro-industrial products dropped 7.2%. In contrast, industrial goods rose 11.2% in August.

For the January–August period, Thailand’s total export value reached 223.17 billion USD, up 13.3% year-on-year. Imports during the same period amounted to 224.88 billion USD, up 11.3%, leaving a trade deficit of 1.70 billion USD.

Although a slowdown is expected in the remaining four months of the year, the Ministry of Commerce forecast that Thailand’s annual exports will still post growth of 2–3%, potentially exceeding the set target./.

VNA
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