Thailand current account deficit narrows in Aug, exports up

BANGKOK: Thailand recorded a current account deficit of US$3.5 billion in August after a revised deficit of US$4.2 billion in the previous month, the central bank said on Friday (Sep 30).

Exports, a key driver of growth, rose 8.2 per cent in August from a year ago, with imports up 23.8 per cent year-on-year, and a trade deficit of US$1.0 billion, it said in a statement.