May exports surge 44% y/y; current account deficit widens

May exports surge 44% y/y; current account deficit widens

A shipping container is unloaded at Bangkok Port on Dec 14, 2020. Exports continue to rise despite the rapid surge of coronavirus transmissions and deaths. (Photo by Arnun  Chonmahatrakool)
A shipping container is unloaded at Bangkok Port on Dec 14, 2020. Exports continue to rise despite the rapid surge of coronavirus transmissions and deaths. (Photo by Arnun Chonmahatrakool)

Thailand recorded a current account deficit of $2.6 billion in May after a deficit of $1.3 billion in the previous month, the Bank of Thailand said on Wednesday.

Exports, a key driver of growth, jumped 44.4% in May from a year earlier after April's 19.1% increase. 

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