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Thai exports go up 11.6% y/y in July
In July, Thailand's customs-cleared annual exports went up for a fifth straight month according to a Reuters survey, underpinned by improved global surge as well as sturdy demand for commodities.
A number one driver of Thailand's surge, exports were predicted to ascend 11.6% in July from 2016 after June’s 11.7% soar, as the median forecast of 15 experts states.
After mediocre numbers for years, Thai exports have revived this year. However, they experience a risk from a firm baht that has appreciated approximately 7.6% versus the greenback in 2017, the greatest revenue in Asia.
Meanwhile, the country’s commerce ministry actually expects 2017 export surge of 5% after a 0.5% ascend the previous year following up to three years of contraction.
In July, imports tacked on 13% from a year following June's 13.7% leap, as the poll revealed.
In July, the country’s trade surplus is supposed to have narrowed to approximately $800 million after a $1.92 billion surplus in June.
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