Thailand’s exports up 4.3% in July | World

Illustrative picture (Picture: https://www.kaohooninternational.com/)

Bangkok (VNA) – Thailand’s export
turnover in July 2022 rose 4.3% from the identical interval final yr to just about 23.63 billion USD, a lot
decrease than the development of 11.9% within the earlier month, in accordance with the
Thai Ministry of Commerce.

Within the first seven months of this yr, the nation’s
exports elevated by 11.5%, totaling 172.81 billion USD.

The ministry attributed the rise to
rising demand for meals, easing of COVID-19 lockdown measures, falling
freight prices, and the weakening baht.

Nonetheless, it predicted that the worth of Thai exports is
more likely to fall within the second half amid a slowdown in economies of buying and selling
companions and the worldwide inflation disaster.

Thailand
skilled a commerce deficit of three.66 million USD in July, elevating the full
deficit within the January -July interval to over 9.91 million USD, in accordance with the nation’s
Ministry of Finance./.