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Sunday, September 25 2022
Tiếng Việt
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Date 31/08/2022-16:01:00 PM
Thailand’s exports up 4.3% in July

Illustrative image (Photo: https://www.kaohooninternational.com/)
Thailand’s export turnover in July 2022 rose 4.3% from the same period last year to nearly 23.63 billion USD, much lower than the growth of 11.9% in the previous month, according to the Thai Ministry of Commerce.

In the first seven months of this year, the country’s exports increased by 11.5%, totaling 172.81 billion USD.

The ministry attributed the rise to increasing demand for food, easing of COVID-19 lockdown measures, falling freight costs, and the weakening baht.

However, it predicted that 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.

Thailand experienced a trade deficit of 3.66 million USD in July, raising the total deficit in the January -July period to over 9.91 million USD, according to the country’s Ministry of Finance./.


VNA

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