Meanwhile, trade value in the first seven months rose 11.5 per cent from the same period last year to $172.814 billion. Trade excluding oil, fuel and weaponry grew 8.3 per cent to $147.451 billion. Commerce Minister Jurin Laksanawisit credited the rise to increasing demand for food, easing of Covid-19 lockdown measures, falling freight costs, and the weakening baht. However, the ministry said the value of Thai exports is likely to fall in the second half amid a slowdown in economies of trading partners and the global inflation crisis.

Source: The Nation Bangkok August 26, 2022 08:35 UTC