Thai July Imports/Exports Beat Estimation, Showing an Increase of 1.67% and 4.28%!

On September 21, 2019, the Ministry of Commerce has revealed a surprising July imports and exports data beating all estimations from analysts.

In July 2019, imports rose 1.67% YoY, beating an estimate of 5.97% decrease while exports showed an amazing number of 4.28% increase YoY, beating an estimation of 2.1% decrease. The trade surplus was $11 million, compared to an estimate of $249 million.

However, both imports and exports were still at -1.81% and -1.91%, respectively, in the seven months period (January – July).