Exports continue growth in August, but slacken paceExports rose in August at a slower pace than the previous month, attributed to the government's tighter restrictions affecting manufacturing and logistics systems. The Commerce Ministry reported on Friday customs-cleared exports rose 8.39% year-on-year in August to US$22 billion, with imports increasing by 47.9% to $23.2 billion, resulting in a trade deficit of $1.22 billion. Exports in the real sector (excluding gold, oil-related products and weaponry) continued to rise by 19.4% in August from the same month last year. For the first eight months this year, exports expanded by 15.3% to $177 billion, while imports rose by 31% to $176 billion, resulting in a trade surplus of $1.41 billion. Industrial product exports also increased for the sixth consecutive month with a growth rate of 3.3% in August to $17.1 billion.

Source: Bangkok Post September 24, 2021 22:30 UTC