Asia
ECONOMY | Staff Reporter, Thailand
view(s)

Thailand trade balance hits US$187.5m deficit in July

Export growth failed to meet expectations.

After two years, Thailand saw its first trade deficit of US$187.5m in July, UOB said in a review.

Imports growth rose to 18.5% YoY in July, up from 13.7% in June.

Export growth failed to meet expectations with a rate of 10.5% against the expected 12%.

Agriculture brought in higher shipments with 29.5% growth. On the downside, industry-related exports shrank to 8.6% from last month's 11.6%.

"Despite the surprising trade deficit, we note that this could aid in capping future THB strength, especially if trade deficits persist into the year," UOB said.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.