August 22, 2017 / 7:42 AM / 2 years ago

Thai exports seen rising 11.6 percent y/y in July: Reuters poll

A view of the Port of Bangkok, Thailand, March 25, 2016. REUTERS/Athit Perawongmetha/File Photo

BANGKOK (Reuters) - 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.

Reporting by Orathai Sriring and Chinthathip Nanthavong, and Shaloo Shrivastava in BENGALURU; Editing by Richard Borsuk

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