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Thailand's Trade Deficit Shrinks to $5.71 Billion in May; Export Growth Eases

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Thailand's trade deficit shrank to $5.71 billion in May from $10 billion in April, according to data from the Ministry of Commerce on Thursday.

The latest figure, however, ballooned from a $1.12 billion deficit in the same month a year earlier, but was lower than the consensus forecast of $6.6 billion in deficit tracked by Trading Economics.

Exports rose 10.6% year over year to $34.3 billion, softer than the 23% jump in April, while imports increased 35.1% to $40 billion, also easing from a 45% rise in April.

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