Thailand: Merchandise exports increase at a more moderate pace in September
Merchandise exports rose 2.1% year-on-year in September, on the heels of August’s 2.6% rise. Meanwhile, merchandise imports declined 8.3% over the same month last year in September (August: -12.8% yoy).
As a result, the merchandise trade balance improved from the previous month, recording a USD 2.1 billion surplus in September (August 2023: USD 0.4 billion surplus; September 2022: USD 0.5 billion deficit). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 8.0 billion deficit in September, compared to the USD 10.6 billion deficit in August.