Thai May exports rise 10.5% YoY, beating forecast – Customs Department

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BANGKOK: Thailand’s customs-based exports rose a faster-than-expected 10.5% in May from a year earlier, helped by more oil and passenger car shipments, according to customs department data .

That compares with a forecast of a 6.7% rise in May in a Reuters poll. Imports jumped 24.1% year-on-year in May, with a trade deficit of $1.87 billion in the month. The Commerce Department was due to discuss the May Customs-based trade data at a press conference early next week.

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