Thailand: Exports record a sharp fall in July
August 31, 2016
In July, the trade balance recorded a USD 0.8 billion surplus, which mirrored the USD 0.8 billion surplus observed in the same month of the previous year but was well below the USD 2.0 billion surplus registered in the previous month. The 12-month moving sum of trade recorded a USD 20.7 billion surplus in July, which was up from the USD 20.6 billion surplus seen in the previous month.
Exports in July decreased 6.4% over the same month of the previous year, deteriorating over the 0.1% drop observed in the previous month. Imports fell a softer 7.2% in July after recording a 10.1% decrease in June.