Thailand’s exports declined at a slower-than-expected pace in September, while imports fell more-than expected, figures from the Commerce Ministry showed Monday.
Exports slid 5.5 percent year-over-year in September, slower than the 8.45 percent drop expected by economists. In August, exports had fallen 6.7 percent.
Imports plunged 26.20 percent in September from a year ago, much faster than August’s 4.8 percent decrease. The expected rate of decline was 20.05 percent.
The visible trade surplus of the country grew notably to $2.79 billion in September from $721 million in the prior month. Economists had forecast the surplus to increase slightly to $735 million.
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