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Thailand's trade deficit declined to USD 1.37 billion in July 2024 from USD 1.98 billion in the same month of the previous year and compared with market forecasts of a USD 0.52 billion shortfall. It was the first trade gap in three months amid a surge in imports. Exports rose 15.2% from a year earlier to USD 25.72 billion, rebounding sharply from a 0.3% drop in June and beating market estimates of a 6% rise, pointing to the fastest pace since March 2022. In the meantime, purchases grew by 13.1% to USD 27.09 billion, the sixth time of growth year to date, and accelerating sharply from 0.3% growth in the previous month. For the first seven months of 2024, the trade balance registered a deficit of USD 6.62 billion, with exports (3.8%) advancing less than imports (4.4%).