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Thailand's Trade Deficit Falls More Than Expected

3/28/2013 2:16 AM ET

Thailand's trade deficit declined more than expected in February, the latest figures from the Ministry of Commerce showed Thursday.

The trade balance showed a shortfall of $1.557 billion in February, compared with a deficit of $5.49 billion in January. Economists expected the deficit to be $1.95 billion.

Exports declined 5.8 percent year-on-year in February following a 16.1 percent growth in January. Economists had forecast no change in export levels.

Imports grew 5.3 percent annually following a 40.9 percent jump in January. This was expected to grow 11.3 percent.

by RTT Staff Writer

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