Thailand: Merchandise exports rise at a softer rate in August
Latest reading: Merchandise exports increased 11.3% on an annual basis in August (July: +15.2% year-on-year). Meanwhile, merchandise imports rose 8.4% on an annual basis in August (July: +15.7% yoy).
As a result, the merchandise trade balance improved from the previous month, recording a USD 2.4 billion surplus in August (July 2024: USD 0.9 billion surplus; August 2023: USD 1.6 billion surplus). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 19.6 billion surplus in August, compared to the USD 18.8 billion surplus in July.