Trade surplus surges to $1.8bn in June
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Thailand locked in trade surplus of US$1.79 billion in June, as the imports of capital goods and energy declined in line with economic activities in the first half.
This allowed Thailand to post trade surplus in the first half, at $236.7 million.
According to the Commerce Ministry's data, in the month, export value rose 3.9 per cent from the same period last year to $19.8 billion while import contracted 14 per cent to $18 billion.
In June, exports to key markets llike Asean, China, the US and Europe expanded. Of all export categories, the automobile segment expanded by 4.5 per cent on year, driving the first-half figure to the positive territory.
Capital goods import dropped by 4.2 per cent year on year, pushing the first-half contraction to 12.9 per cent. Raw materials import also dropped by 12.2 per cent on year, pushing the first-half import down by 19.8 per cent. Crude oil import also dropped by 12.6 per cent in June.
