Thailand: Merchandise trade deficit narrows in May
Latest reading: In May, the trade balance was USD -2.6 billion, following a USD -6.8 billion figure in the prior month. Over the last 12 months, the trade balance summed to USD +3.2 billion.
Merchandise exports were up 10.0% in annual terms in May, coming on the back of a 23.3% increase in the prior month. At the same time, merchandise imports increased 34.6% in annual terms in May, following 44.2% growth in the previous month.