Weak baht helps Thai exports surge in July

Thai exports are maintaining their growth momentum, surging by 20.2% year-on-year in July despite ongoing Covid-19 outbreaks.

The increase was boosted by the robust global economic recovery, depreciation of the Thai baht, rising oil prices, and export promotions by the Commerce Ministry and the private sector.

The Commerce Ministry yesterday reported customs-cleared exports hit a value of US$22.65 billion, with imports increasing by 45.9% to $22.47 billion, resulting in a trade surplus of $183.46 million.

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Phusadee Arunmas