August Thai Exports Grow 7.5%, Missing Estimates of 7.7%

Thailand’s exports increased 7.5% in August, falling short of the market consensus of 7.7%, after increasing 4.3% the previous month. This latest figure marks the 18th consecutive month of shipment growth, fuelled by robust demand around the world.

Exports in August were THB23,632.7 million, up 7.5% from the same period last year, according to the Finance Ministry on Monday, while exports for the first eight months of this year (Jan – Aug) rose 11.0% to THB196,446.8 million.

Meanwhile, imports in Thailand were THB27,848.1 million, a 21.3% increase over the previous year, bringing the total for the first eight months to THB210,578.5 million, a 21.4% increase on a yearly basis.

This resulted in a THB4,215.4 million trade deficit in August.