Thailand Exports Decline In August

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Thailand's exports dropped 18.4% year-on-year to US$ 13.3 billion in August , the Commerce Ministry said on Thursday. In July, exports fell 25.7%.

Meanwhile, imports decreased 32.8% on an annual basis in August.

Thailand's economy grew in the second quarter on a quarterly basis, after contracting in the preceding two quarters, signaling that the economy has emerged from a recession. The gross domestic product rose a seasonally adjusted 2.3% sequentially in the second quarter, reversing from a 1.8% drop in the first quarter.

Thailand's exports dropped 18.4% year-on-year to US$ 13.3 billion in August , the Commerce Ministry said on Thursday. In July, exports fell 25.7%. (Market News Provided by RTTNews)