Thai Exports Expand 7.8% in September, Beating Expectations

Thailand’s exports grew 7.8% in September to US$24,919 million, exceeding market expectations of a 4.3-4.4% increase, according to official data released on Wednesday.

Meanwhile, imports increased 15.6% to US$25,772 million, resulting in a trade deficit of US$853.2 million in September.

The overall value of exports for the first nine months was US$221,366 million, up 10.6% year on year, while imports reached US$236,351 million, resulting in a trade deficit of US$14,985 million.

The Minister of Commerce stated that he anticipates Thai exports to continue to grow in the fourth quarter of the year, and that total-2022 exports will grow by about 8%, above expectations of 4% growth.