Thailand’s exports up better than expected in September

The trade minister said Wednesday that Thai exports rose more than expected in September, driven by increased shipments of food and industrial goods.

Exports, the main driver of Thai growth, rose 7.8% in September from a year earlier, compared with a 7.5% increase in August.

In the first nine months of 2022, exports increased by 10.6% year-on-year.

The ministry expects exports to expand well and meet targets as supply constraints gradually ease and the weak baht also provides support.

Imports increased by 15.6% year-on-year in September.

Thailand recorded a trade deficit of $853 million in September. This compares with a projected deficit of $2.9 billion.

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