Thai July export growth seen at 9.8 percent year-on-year, data due Wednesday

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Thai July export growth seen at 9.8 percent year-on-year, data due Wednesday

 

FILE PHOTO: A shipping container is lifted from a truck to load onto a ship at a port in Bangkok, Thailand, March 25, 2016. REUTERS/Athit Perawongmetha/File Photo

 

BANGKOK (Reuters) - Thailand's customs-cleared annual exports may have risen 9.8 percent in July, a Reuters poll showed, quickening from an 8.19 percent increase in the previous month.

 

Imports in July probably increased 10.05 percent from a year earlier, after rising 10.83 percent in June, according to the poll.

Thailand likely recorded a trade surplus of $0.15 billion in July, compared with June's $1.58 billion surplus.

 

On Monday, the state planning agency, the National Economic and Social Development, raised its export growth forecast to 10 percent this year from 8.9 percent.

 

Exports, a key growth driver, rose 9.9 percent last year.

 

(Reporting by Orathai Sriring; Editing by Gopakumar Warrier)

 

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