By Warangkana Chomchuen
BANGKOK--Thailand's trade balance swung to a surplus of $1.79 billion in June from a deficit of $809 million in May, the Ministry of Commerce said Monday, as shipments bound for overseas picked up.
Exports in June rose 3.9% year over year to $19.84 billion, said Department of Internal Trade Promotion Director General Nuntawan Sakuntanaga.
The on-year rise in exports, the first time since February, was a result of improved demand in major markets and in almost every sector, Ms. Nuntawan said.
Industrial-sector exports grew 3.9% and overseas shipment of agricultural products increased for the first time this year to 2.6%, the data showed.
Imports contracted further in June--falling 14% on year to $18.05 billion on declines in raw materials and capital goods.
It was the 11th consecutive month of contraction due to a sluggish domestic economy and resulting poor demand, the ministry said. The fall accelerated from May's 9.32% decline.
In the six months to end-June, Thailand recorded a trade surplus of $237 million. Exports fell 0.35% and imports declined 14%.
Write to Warangkana Chomchuen at email@example.com
(END) Dow Jones Newswires
July 28, 2014 03:24 ET (07:24 GMT)
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