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Thai Exports Fall More Than Expected

Thailand's exports decreased more than expected in October, data from commerce ministry revealed on Monday.

Exports declined 6.71 percent on a yearly basis in October, bigger than the 3.9 percent decrease seen in September. Economists had forecast an annual fall of 6 percent.

At the same time, the decline in imports deepened to 14.32 percent from 9.1 percent a month ago. This was also larger than the 13.4 percent fall economists' had forecast.

The trade surplus decreased to $2.05 billion from $2.23 billion in the previous month. The expected level was $1.94 billion.

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