Thailand: Aug exports drop 8.2% y/y, trade surplus widens: BoT

• Sep 30, 2020

Thailand recorded a current account surplus of $3.0 billion in August after a surplus of $1.79 billion in the previous month, the Bank of Thailand (BoT) said on Wednesday.

Exports, a key driver of growth, declined 8.2% in August from a year earlier after July’s 11.9% drop.

The economy in August performed better than July by recording smaller falls in exports and industrial manufacturing, the BoT said in a statement.

It has forecast the economy will contract a record 7.8% this year due to the coronavirus pandemic impact.

Source: https://www.bangkokpost.com/business/1994279/aug-exports-drop-8-2-y-y-trade-surplus-widens-bot