Thailand’s exports showed a third consecutive monthly increase in September, although below projections, according to data released on Monday. The commerce ministry anticipates a continued uptrend in shipments during the final quarter of 2024.
In September, exports from Thailand increased by 1.1% year-on-year, falling short of the 2.85% growth forecasted in a Reuters poll. Meanwhile, imports saw a growth of 9.9% compared to a year earlier, surpassing the expected 6.0% increase from the poll. This resulted in a trade surplus of $0.39 billion in September, lower than the predicted surplus of $1.54 billion.
Over the first nine months of 2024, exports grew by 3.9% compared to the same period in 2023, while imports rose by 5.5%, resulting in a trade deficit of approximately $6 billion for that period.
