Thailand Posts $3.5 Billion Current Account Deficit as Imports Surge
Strong export growth failed to offset a 48.9% jump in imports during June, while domestic consumption showed modest gains
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Strong export growth failed to offset a 48.9% jump in imports during June, while domestic consumption showed modest gains

Bangkok's Q2 trade deficit and weaker current account position bring removal from currency watch closer

Import costs surged 25.4% in June as currency depreciation and Middle East war compound energy supply pressures

Currency hits one-month low as Iran shuts critical shipping route, pushing oil prices up 3% and widening India's trade deficit to $30.4 billion in June

Southeast Asia's manufacturing hub posted accelerating growth in the second quarter, but a widening trade imbalance threatens to constrain its ambitious 10% annual target

Southeast Asia's largest economy posted a $1.61 billion shortfall in May as energy costs climbed and export demand weakened across key commodities.