Thailand’s Trade Data Beats Expectations as Exports Grow 2.6% in August

Thailand’s customs-based exports unexpectedly rose 2.6% in August from a year earlier, according to the data announced by the commerce ministry on Tuesday, amid weak global demand.

Exports growth in August beat expectations for a 4% decline by Reuters poll and followed July’s 6.2% decline.

Meanwhile, imports shrank 12.8% in August, compared to a 10.0% decline in Reuters poll.

Trade balance for August showed a surplus of $360 million, beating the market expectations for a $1,761 million deficit and $1,978 million deficit in July.