In August 2024, Thailand’s exports increased by 7% year-over-year, reaching USD 26.18 billion, fueled by robust demand for electronics, rice, and rubber.
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In August 2024, Thailand’s exports increased by 7% year-over-year, reaching USD 26.18 billion, fueled by robust demand for electronics, rice, and rubber. Concurrently, imports experienced a rise, leading to a trade surplus.
Robust Growth in Thai Exports
In August 2024, Thailand’s exports reached USD 26.18 billion, showing a remarkable 7% year-on-year increase, surpassing earlier forecasts from SCB EIC and Reuter Poll. This growth follows a significant 15.2% rise in July, culminating in total exports of USD 197.19 billion for the year’s first eight months—reflecting a 4.2% growth rate. Key contributors to this growth included computers and parts, which surged by 74.7%, alongside robust performances from rubber and rice.
Positive Trade Balance Despite Import Growth
Thai imports also expanded to USD 25.92 billion, up 8.9%, although at a slower pace than expected. This positive trade…