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Financial News: Thai Exports Fall Less Than Expected In July

Thai Exports Fall Less Than Expected In July

08/24/2020 - 02:24:00 (RTTNews)

(RTTNews) - Thailand's exports declined less than expected in July, data from commerce ministry revealed on Monday.

Exports were down 11.37 percent on a yearly basis to $18.8 billion. Shipments were expected fall 17.8 percent in July.

At the same time, imports logged a sharp decrease of 26.38 percent compared to economists' forecast of 23.2 percent drop. Imports totaled $15.5 billion in July.

As a result, the trade balance showed a surplus of $3.34 billion, which was well above the expected level of $1.17 billion.

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