Thailand's merchandise trade deficit decreased from the previous month in May, data released by the Ministry of Commerce showed Monday.
The trade deficit dropped to $1.74 billion in May from $2.87 billion in April. Economists were looking for a trade deficit of $1.2 billion.
Exports of goods increased 7.68 percent on an annual basis to $20.93 billion in May, significantly faster than the 0.65 percent gain economists forecast.
At the same time, imports surged 18.17 percent annually to $22.67 billion. Economists expected the value of arrivals to grow 8 percent.
The Thai central bank last week retained its benchmark policy rate unchanged at 3 percent saying that the heightened global economic risks paused downside risks to the economy's growth prospects.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.