Thailand’s July Exports Grow 4.3%, Miss Expectations

Thailand’s exports increased 4.3% in July to USD23,629.3 million, falling short of estimates of 10.7-11.0% growth, as agricultural exports dropped for the first time in five months, official data showed Friday.

Exports of industrial goods rose at a slow 0.1% rate in July, marking the 17th consecutive month of growth due to semiconductor shortages.

In the first seven months of 2022, Thailand’s exports have increased by 11.5%, totaling USD172,814.1 million.

Thailand had a trade deficit of USD3,660.5 million in July, raising the total deficit from January to July to USD9,916.3 million, according to the Ministry of Finance.