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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