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Thailand's trade deficit hit $2.83 billion in February as imports surged 31.8%, outpacing 9.9% export growth.
Thailand's February trade deficit reached $2.83 billion as imports rose 31.8% year-on-year, fueled by demand for machinery, capital goods, and gold, while exports grew 9.9%, slowing from January’s 24.4% surge.
Exports to the U.S. jumped 40.5%, but shipments to China rose only 0.4%.
The trade deficit marked the fifth straight month of imports outpacing exports.
Higher freight and fuel costs linked to Middle East tensions may slow March activity.
Rice exports, projected at 7 million tons, could fall by up to 1 million tons if Middle East shipments decline.
The government will reassess its full-year export forecast in April.
El déficit comercial de Tailandia alcanzó los $ 2.83 mil millones en febrero, ya que las importaciones aumentaron un 31.8%, superando el crecimiento de las exportaciones del 9.9%.