Thailand’s exports rose for the third consecutive month in July, making the government increase its export projection for the year to a contraction of 10-18%. The previous forecast projected exports to shrink by 15-19% YoY. Thai shipments in July increased to US$12.9b, their highest value in seven months, from US$12.33b in June and US$11.65b in May. The export decline on a yearly basis also eased in July due to improving overseas demand. The contraction was 25.68% compared to 25.92% in June, 26.6% in May, 26.1% in April and 26.4% in January. The marginal improvement was mainly due to a reduced contraction for shipments of agricultural and agro-industrial and industrial products. July exports of key agricultural and agro-industrial products contracted by 28.4% YoY, but the figure edged up by 0.8% from June. Shipments of industrial products fell by 22.6% YoY but rose 4.7% from June. (Bangkok Post)
Government revises target as July shipments improve
You Might Also Like
Ugly Trading Session Leaves Thai Stock Market Index in Murky Waters The Thai stock market had recently done remarkably well...