Thai July exports fall 11.37% y/y, smaller drop than forecast

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Reuters
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Credit: REUTERS/ATHIT PERAWONGMETHA

Thailand's exports in July dropped by a smaller-than-expected 11.37% from a year earlier, led by lower shipments of cars and plastic pellets, the commerce ministry said on Monday.

BANGKOK, Aug 24 (Reuters) - Thailand's exports in July dropped by a smaller-than-expected 11.37% from a year earlier, led by lower shipments of cars and plastic pellets, the commerce ministry said on Monday.

The fall compared with a Reuters poll forecast for a decline of 17.8% in exports, and against June's 23.17% slide.

In January-July, exports, a key driver of Thai growth, contracted 7.72% from a year earlier, while imports fell 14.69%.

(Reporting by Kitiphong Thaichareon Writing by Orathai Sriring Editing by Ed Davies) ((orathai.sriring@thomsonreuters.com; +662 0802309; Reuters Messaging: orathai.sriring.thomsonreuters.com@reuters.net)) Keywords: THAILAND ECONOMY/TRADEFIGURES (URGENT)

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