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Thai Dec exports fall 1.28% y/y, better than forecast

BANGKOK, Jan 22 (Reuters) – Thailand’s customs-cleared exports in December dropped 1.28% from a year earlier, after declining 7.39% in the previous month, the commerce ministry said on Wednesday. December’s figures came in slightly better than a Reuters poll forecast for a decrease of 2.05% in shipments, a main driver of Thai growth. Imports in December rose 2.54% from a year earlier, after slumping 13.78% in the previous month, and a touch better than the forecast rise of 2.2%. December’s trade surplus amounted to $0.60 billion, versus a forecast of $0.63 billion surplus. In 2019, exports fell 2.65% from a year earlier while imports declined 4.66%. The country posted a trade surplus of $9.6 billion last year. (Reporting by Kitiphong Thaichareon Writing by Orathai Sriring Editing by Shri Navaratnam)

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