BANGKOK – Thailand’s customs-cleared annual exports probably rose for a fifth straight month in July, a Reuters poll showed, supported by improved global growth and strong demand for commodities.
Exports, a key driver of Thailand’s growth, were forecast to grow 11.6 percent in July from a year earlier after June’s 11.7 percent rise, according to the median forecast of 15 analysts.
After poor numbers for years, exports have recovered in 2017. But they face a risk from a strong baht THB=TH, which has appreciated about 7.6 percent against the dollar this year, the biggest gain in Asia.
The commerce ministry expects 2017 export growth of 5 percent after a 0.5 percent rise last year following three years of contraction.
Imports in July likely increased 13.0 percent from a year earlier after June’s 13.7 percent rise, the poll showed.
Thailand’s trade surplus is expected to have narrowed to $800 million in July after June’s $1.92 billion surplus.